Tom Lee, the Bitcoin Oracle, Reveals His New PredictionsTom Lee, co-founder and head of research at Fundstrat Global Advisors, recently appeared on CNBC's 'Squawk on the Street' to share his latest predictions about the market and Bitcoin. According to Lee, inflation will continue to decline and S&P 500 earnings could exceed expectations. "Now that we're halfway through the year, 2025 earnings look much stronger.
"We thought maybe they would hit 260, but they could get closer to 285," he said. He also suggested that price/earnings multiples could rise due to dovish policies from the Federal Reserve and weakened employment prospects. As for Bitcoin, Lee mentioned that although BTC fell below 60,000, it is close to returning to 63,000. He highlighted that the resolution of the Mt. Gox issue could be a catalyst for a strong rally in the second half of the year. Lee firmly believes that Bitcoin can still reach the levels. $150,000, but warned that much of its annual gains occur in just 10 key days, without those days, Bitcoin's performance would be negative.
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