Bitcoin
Bitcoin Primed To Be One of the Best-Performing Assets in 2025, Says Fundstrat’s Tom Lee – But There’s a Catch
Credit : dailyhodl.com
The co-founder and head of analysis at Fundstrat World Advisors says Bitcoin (BTC) must crash a bit of more durable earlier than it bounces again in an enormous manner.
In a brand new interview with CNBC, Tom Lee makes his case why he thinks BTC might be a top-performing asset this yr after falling some extra.
“Bitcoin is down about 15% from its peak, which is a traditional correction for a hypervolatile asset and follows international liquidity tendencies. We’re early within the halving cycle.”
In accordance with Lee, Fundstrat’s crypto engineers consider the crypto king might drop one other $20,000 in worth earlier than correcting.
“Our engineer thinks we’ll take a stand for $70,000. I believe Bitcoin is without doubt one of the finest performing belongings. When requested if the worth will drop to $70,000 or if that is the underside, the reply was that $70,000 is a retracement degree the place Bitcoin might pull out of a rally.”
Nonetheless, in response to Lee, BTC might doubtlessly fall even additional.
“It might go as little as $50,000 [range]however that would not be a brand new degree; it is the place it touches earlier than it begins to collect once more. For these contemplating buying Bitcoin at these costs, the suggestion is that Bitcoin is a long-term funding. In the event that they attempt to time the market, they could get fortunate and the worth might go as much as $70,000.”
Bitcoin is price $91,731 on the time of writing, down 10% over the week.
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