Fundstrat’s head of research, Tom Lee, remains bullish on Bitcoin (BTC) and believes that it has the potential to rally past $150,000 this year, despite the recent dip.
In a new interview with CNBC, Lee says that Bitcoin may increase more than 70% from its current value in 2025 as the top digital asset by market cap continues to see increasing adoption among investors.
He also says that Bitcoin’s recent correction was expected by some experts and that BTC may suddenly surge.
“I would say what’s interesting is Bitcoin’s not had negative headlines in February, but it was down. But I know our technician, Mark Newton, had talked about this being a cyclical downturn in Bitcoin through the end of March. So he was talking mid-January getting down to $62,000…
As you know, Bitcoin makes all of its gains in 10 days, so if people sort of try to time this they’re going to miss out on a chance for Bitcoin to go back to its highs.”
Lastly, Lee says that Bitcoin may see massive adoption this year with the possibility of capital markets firm Citadel Securities entering the crypto sector.
“I think it’s going to do better than $150,000 this year… because it’s becoming more widely held. You know if Citadel starts trading it, it starts to have more broad acceptance.”
Bitcoin is trading for $87,897 at time of writing, up 1.2% in the last 24 hours.
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