Tom Lee, co-founder of Fundstrat, made a bold prediction about the future price of Bitcoin at CNBC Squawk Box on 3rd March 2025. He believes that Bitcoin might exceed $150,000 by the end of 2025.
He attributes this optimism to the rising interest of institutional investors that now trade Bitcoin regularly, including Citadel, among others. He believes this new interest would push Bitcoin higher.
Bitcoin had a poor performance last month. It lost 24% of its value, dropping from around $102,000 to $78,000. Lee said this was normal in any market cycle. He added that Bitcoin rallies up after a short dip. “Bitcoin makes all of its gains in 10 days.”
Lee also talked about how global events influence the price of Bitcoin. For instance, President Donald Trump’s recent decision to go ahead with a U.S. strategic crypto reserve helped push Bitcoin’s price back up above $90,000.
Even though the crypto market is facing some challenges, including the new trade tariffs and the shift toward a safer asset like gold, the co-founder is still confident that Bitcoin will bounce back stronger.
Other industry experts have also predicted a similar outlook. Bitwise and Stardard Chartered predicted that the Bitcoin price would reach $200,000 by the end of the year. However, Lee warned against timing the market and that it is hard to predict exactly when Bitcoin will rally.
At press time, the Bitcoin price is at $84,701 after losing 6% in 24 hours. Trading volume has increased by 2% to $72 billion, but the market cap is down by 6% to $1.7 trillion.
Also Read: Bitcoin Price Retreats to $84K with 9% Drop in Last 24 Hours
