Is Bitcoin Really Going to Hit $150,000? Tom Lee’s Bold Prediction Will Shock You!

by

Ah, dear reader, gather ’round as we delve into the curious musings of one Tom Lee, the esteemed head of research at Fundstrat Capital, a man whose words dance upon the airwaves of CNBC’s Fast Money like a jester in a royal court. In a recent tête-à-tête on the venerable Squawk Box, he waxed poetic about the prospects of Bitcoin, that elusive digital specter, as the year 2025 unfolds with all the grace of a drunken ballet dancer.

With a flourish, he proclaimed that Bitcoin might just be poised to hit rock bottom this very week, as if it were a wayward child in need of a good scolding, alongside the equities market, which, let us be honest, has been behaving like a petulant teenager.

Bitcoin to do a lot better than $150,000 this year: Tom Lee

In his soliloquy on Bitcoin, our dear Tom referenced a prior prediction from Fundstrat’s tech oracle, who foresaw the world’s largest cryptocurrency tumbling down to the depths of $52,000 or perhaps lingering in the $70,000 realm by mid-January, before it would rise again like a phoenix from the ashes. This cyclical downturn, as it was dubbed, may linger until the end of March, much like a bad hangover after a night of revelry.

Ah, but let us not forget the context! This prediction was uttered in the midst of January, a mere week before the grand inauguration of Donald Trump, when Bitcoin was frolicking at $96,500, having taken a dizzying plunge from $103,000 to $91,290 in a matter of days, as if it were a child on a rollercoaster ride.

Great speaking with @JoeSquawk @MelissaLeeCNBC on @SquawkCNBC this am

– feels like a bottom coming this week
– for equities and possibly Bitcoin #hodl#mondaymusings@fs_insight @FundstratCap $GRNY

— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) March 3, 2025

Now, with a twinkle in his eye, Tom Lee has declared that he expects Bitcoin “to do better than $150,000” this year. A bold proclamation indeed, reminiscent of a gambler at a roulette table, placing all his chips on red. This aligns with his previous year’s prediction, where he confidently asserted that BTC would surpass $100,000 and might even reach the lofty heights of $150,000 per coin. One must wonder if he has a crystal ball or merely a penchant for wishful thinking.

In a moment of irony that would make even the most stoic philosopher chuckle, the host, Joe Kernen, inquired if Lee was indeed referring to $150,000 U.S. dollars, and not some other, less valuable currency, perhaps the currency of dreams. Lee, with the air of a sage, explained his expectation of Bitcoin soaring later this year, citing its newfound popularity and the potential involvement of Citadel, which, like a cautious cat, has been tiptoeing around the cryptocurrency realm.

Ah, Citadel Securities! Once a timid creature, now reportedly considering becoming a major liquidity provider for the grand stage of large cryptocurrency exchanges. How the tides do turn!

U.S. Strategic Crypto Reserve approved

And lo! On a fateful Sunday, the President of the United States took to the digital realm, posting on X to announce the long-awaited approval of the strategic cryptocurrency reserve for the nation. At the heart of this reserve lies the illustrious Bitcoin, accompanied by Ethereum, XRP, ADA, and SOL, like a motley crew of misfits ready to take on the world.

In a frenzy of excitement, the prices of these coins surged with double-digit gains, as if they had just discovered the secret to eternal youth. BTC soared by 11.33%, leaping from $85,600 to the $95,300 zone, only to roll back a tad, now trading at $93,160, like a child who has just been told to come inside for dinner.

XRP, in a fit of exuberance, shot up by 34.28%, reaching a dizzying $3.02 for a fleeting moment before crashing down by 11%, now languishing at $2.69, a reminder that in the world of cryptocurrency, fortunes can change faster than a politician’s promises.

Read More

2025-03-03 18:29