In a recent interview with CNBC, Tom Lee addressed concerns about Bitcoin's recent price retreat. He stated that corrections of up to $70,000 or even down to $50,000 are not uncommon in Bitcoin's history and should be seen as opportunities for long-term investors. Lee remains confident in Bitcoin's strength and predicts that it could reach $200,000-$250,000 by the end of 2025. He believes Bitcoin will serve as an economic hedge against instability and attract institutional investors. Lee also mentioned that the current price point of $90,000 is an ideal entry point for long-term investors. He mentioned that inflation fears are not critical, and the cautious approach of the Federal Reserve to rate cuts provides room for optimism. After Lee's comments, Bitcoin rebounded to around $96,400, indicating that market participants were comforted by his analysis. Overall, the lesson for investors is that while volatility may disrupt Bitcoin's development, the long-term future seems bright with forecasts ranging from $50,000 to $250,000. The balance between fear and optimism will shape Bitcoin's trajectory in the coming months.
- Content Editor ( newsbtc.com )
- 2025-01-15
Expert Sees Bitcoin Dipping To $50K While Bullish Momentum Persists