AMBCrypto - 12/13/2024 3:02:37 PM - GMT (+0 )
- Tom Lee predicts Bitcoin could reach $250,000 in 2025 under Trump’s administration.
- Eric Trump forecasts Bitcoin might hit $1 million, citing a “financial revolution.”
Tom Lee, a prominent financial strategist and Managing Partner at Fundstrat Global Advisors, has once again proven his bullish stance on Bitcoin [BTC] to be remarkably accurate.
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.
Previously too, Bitcoin had surpassed $100K, briefly peaking at $103K before experiencing a swift decline.
Tom Lee’s Bitcoin predictionSpeaking at CNBC Closing Bell on Wednesday, Lee emphasized Bitcoin’s pivotal role as an indicator of the Trump administration’s economic policies, adding that historical trends suggest the cryptocurrency could surge to $250,000 in 2025.
As the host highlighted the expected wave of changes under the Trump administration, Lee shared his perspective & underscored BTC as the most transparent indicator of the upcoming change.
He suggested that the cryptocurrency’s performance could serve as a key indicator of the broader economic and policy impacts in the months ahead, emphasizing its growing role in reflecting market sentiment amid political transitions.
Lee further remarked,
Lee on Trump administration“Probably, the best way to measure this is what Bitcoin is doing. Because bitcoin faced enormous regulatory burden over the last few years and now we have a White House that is embracing digital assets.”
That being said, Lee emphasized the value of prior experience in shaping economic policies during Trump’s second term & noted that the new administration’s cabinet is expected to garner strong support from the private sector due to its pro-business stance.
This, according to Lee, could reignite investor confidence, prompting a shift from caution to a more risk-on approach in the financial markets.
Lee added:
What’s next for Bitcoin?“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.”
When pressed by the Closing Bell host for a definitive 2025 Bitcoin target, Lee confidently responded,
“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.
While the latter envisions Bitcoin reaching $150,000, Eric Trump goes further, projecting it could soar to $1 million, dubbing it a cornerstone of a “financial revolution.”
Meanwhile, currently trading at $100,322.89, BTC has experienced a minor 0.34% dip over the past 24 hours, according to CoinMarketCap.
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.
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