Bitcoin (BTC) can reach $250,000 next year but hit $150,000 simply by copying 2023 BTC price action, new analysis says.
Speaking to YouTube channel Wealthion on Nov. 29, Tom Lee, co-founder and head of research at financial research firm Fundstrat Global Advisors, gave a 12-month deadline for $250,000 Bitcoin.
Lee: Bitcoin bull run “sweet spot” has begun
Crypto is not short of six-figure BTC price targets, and Fundstrat’s Lee, known for years as a Bitcoin bull, remains optimistic on 2025.
It is “highly probable,” he told SkyBridge Capital CEO Anthony Scaramucci this week, that BTC/USD will hit a quarter of a million dollars per coin next year — or more.
The reason, he said, was BTC price cycles revolving around block subsidy halving events.
“The sweet spot of that price again as supply is cut starts to happen toward the end of this year and into next year,” he explained.
“I think that has supported why we expected Bitcoin to be $100,000, and over the next 12 months I think something like over $250,000’s possible, maybe highly probable, based on just following this price cycle.”
Lee added that the incoming United States government administration under Donald Trump could exert a significant legitimizing force on Bitcoin should it begin amassing coins under its strategic reserve pledge.
“It’s almost like taking a playbook from MicroStrategy because MicroStrategy has proven that using Bitcoin as a balance-sheet asset has really created a lot of value for MicroStrategy shareholders,” he reasoned.
On X, popular account The Bitcoin Therapist described Lee’s full remarks on MicroStrategy’s Bitcoin reserve as “one of the most clear and concise explanations about what is going with MicroStrategy and Bitcoin.”
As Cointelegraph reported, the business intelligence firm saw flash stock volatility after it purchased BTC worth more than $5 billion.
$150,000 BTC price surge “doable”
Social media is also awash with commentators putting faith in Bitcoin’s ongoing bull market.
Related: BTC price: $100K ‘in sight’ as open interest reset boosts Bitcoin bulls
Among them this week was popular trader Dave The Wave, who on Nov. 30 suggested that BTC/USD actually needed to put in little effort to achieve $150,000.
All it needed to do, a chart showed, was repeat its performance from between October 2023 and March 2024, during which it gained 186%.
“Just goes to show how doable a 150k btc price is here,” he summarized on X.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
