The global cryptocurrency market has taken a hit, with the market cap dropping to $3.35T. Bitcoin (BTC), a major player in the crypto world, has seen its price fall to $96,200 recently. Amidst this price drop, many are asking: where is Bitcoin headed next?
As 2025 approaches, Tom Lee, co-founder of Fundstrat Global Advisors, has made a bold prediction: Bitcoin could skyrocket to $200,000 before ever dropping back to $50,000.
Bitcoin To Hit $200K By 2025
In a recent interview with CNBC, Tom Lee shared an optimistic outlook for Bitcoin. He predicts that $BTC could surge to $200,000 in 2025, driven by several key factors.
Lee pointed to the changing U.S. political landscape and the potential for the government to accumulate Bitcoin as important catalysts for growth. He believes these developments show that Bitcoin is becoming a legitimate alternative to traditional stores of value like gold.
Lee further noted that many people are considering adding Bitcoin to their retirement portfolios, which could increase demand significantly.
Lee didn’t stop at Bitcoin. He also expects altcoins to experience a major surge. He forecasted that Ethereum’s price could rise to between $5,000 and $6,000, while Solana and other promising altcoins might also see big gains during this market rally.
Bitcoin As a Strategic Reserve
Lee also mentioned that under the leadership of President Donald Trump, bitcoin will soon become a Strategic Reserve. These changes, he believes, will provide the necessary environment for Bitcoin to reach new heights.
Will Bitcoin Ever Drop Back to $50K?
While there are always risks in any market, Lee is confident that Bitcoin’s price will continue to rise. He argues that the $50,000 price range may be behind us, as Bitcoin continues to gain more support from institutions and governments.
Meanwhile, Lee predicts that Bitcoin will reach $200,000 before it ever sees a major downturn.