According to Bloomberg, Tom Lee reiterated his bullish view, and his team confirmed that despite the recent market decline, he still expects Bitcoin to rebound to between $150,000 and $200,000 by the end of January.
Tom Lee is known for his bold, optimistic market predictions. He has previously predicted that Bitcoin will reach $3 million by 2030.
He believes the long-term power of retail investors will continue to drive the market higher, saying that those who have failed to maintain a bullish view over the past decade "have been wrong all along".
Tom Lee's BitMine Immersion Technologies Inc. currently holds about $12 billion worth of Ether, accounting for about 3% of the world's second-largest total supply of digital assets. However, the company is facing huge paper losses as Ether has fallen about 40% from its August high and BitMine Immersion Technologies Inc. has seen its share price drop about 50% in the past three months.
Tom Lee maintains a bullish view, expecting Bitcoin to rise to $200,000 by the end of January
2025-11-21 10:12:39
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