With Bitcoin surpassing $100K, Tom Lee’s $250K forecast highlights Trump’s pro-crypto vision and economic strategy.
Tom Lee, a prominent financial strategist and Managing Partner at Fundstrat Global Advisors, has once again proven his bullish stance on
Earlier this month, Lee predicted that the cryptocurrency would break the $100,000 barrier by the year’s end, a forecast realized on 11th December as BTC stabilized at $101,487.
This, according to Lee, could reignite investor confidence, prompting a shift from caution to a more risk-on approach in the financial markets.“A new SEC chairman, FTC chairman, and the new Commerce secretary, I think these are actually being viewed as pro-business, reviving animal spirit. But I think a good proxy is watching bitcoin.
“We think it’s going to follow a similar halving cycle that we’ve seen in the past, that would imply something around $250,000 per bitcoin in 2025.” In addition to Tom Lee’s forecasts, both Donald Trump and Eric Trump have weighed in with bold BTC predictions.However, technical indicators like RSI and CMF suggest that the bullish momentum is likely to persist, fueling optimism among market watchers about Bitcoin’s trajectory.Ishika is a graduate of Political Science from the University of Delhi. From writing content as a hobby to now pursuing it as a professional career, she has been living and breathing content all her life.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MicroStrategy buys over 21K Bitcoin, now holds 2% of total BTC supplyBitcoin’s momentum fuels MicroStrategy’s strategy, with other institutional players accelerating their Bitcoin investments.
Read more »
Vancouver Considers Integrating Bitcoin Into City Finances Amid SurgeElliott Stein of Bloomberg Intelligence discusses Bitcoin's value surpassing US$100,000. Vancouver may incorporate Bitcoin into city finances, driven by the digital token's surge, supported by President-elect Donald Trump's endorsement of crypto. The city council will evaluate a motion to analyze Bitcoin integration, including accepting taxes and fees in Bitcoin or converting financial reserves into Bitcoin.
Read more »
Bitcoin to $110K? Analyst Tom Lee weighs in on BTC’s ATH chancesBTC could hit a new ATH soon, with Fundstrat's Tom Lee projecting a $100K price target before the end of 2024.
Read more »
Conor McGregor must pay woman $250K in sexual assault case, civil jury rulesA woman who claimed mixed martial arts fighter Conor McGregor “brutally raped and battered” her in a Dublin hotel penthouse was awarded nearly 250,000 Euros ($257,000) on Friday by a civil court jury in Ireland.
Read more »
Conor McGregor Must Pay Woman $250K In Sexual Assault Case, Civil Jury RulesThe woman said the Dec. 9, 2018 assault after a night of partying had left her heavily bruised and suffering from post-traumatic stress disorder.
Read more »
Conor McGregor must pay woman US$250K in sexual assault case, civil jury rulesA woman who claimed mixed martial arts fighter Conor McGregor 'brutally raped and battered' her in a Dublin hotel penthouse was awarded nearly 250,000 euros on Friday by a civil court jury in Ireland.
Read more »