Famous analyst Tom Lee gave an ambitious target for Bitcoin (BTC) in his latest statements to CNBC.
Lee predicts that the price of Bitcoin could reach $250,000 in 2025. The analyst states that the demand for Bitcoin will increase even more, especially in 2025, and investors should allocate a larger place to Bitcoin in their portfolios.
Lee says one of the reasons behind his bullish predictions for Bitcoin is that the regulatory environment is becoming friendlier. The crypto community believes that a more favorable environment for cryptocurrencies will emerge, especially with the start of Donald Trump’s term in the new year.
Altcoin bulls may accompany Bitcoin
The analyst, who is also optimistic about Ethereum (ETH), stated that ETH could rise to $6,000.
Lee’s predictions are not limited to Bitcoin and Ethereum. The analyst says that there could be a major “alt season” in 2025, and that altcoins like Solana could perform “extremely well.”
Tom Lee had previously predicted that Bitcoin could reach $150,000 by 2024. However, BTC has only reached a high of $108,135 so far.
Stay tuned