- Tom Lee predicts Bitcoin might attain $250,000 in 2025 underneath Trump’s administration.
- Eric Trump forecasts Bitcoin may hit $1 million, citing a “monetary revolution.”
Tom Lee, a outstanding monetary strategist and Managing Associate at Fundstrat International Advisors, has as soon as once more confirmed his bullish stance on Bitcoin [BTC] to be remarkably correct.
Earlier this month, Lee predicted that the cryptocurrency would break the $100,000 barrier by the yr’s finish, a forecast realized on eleventh December as BTC stabilized at $101,487.
Beforehand too, Bitcoin had surpassed $100K, briefly peaking at $103K earlier than experiencing a swift decline.
Tom Lee’s Bitcoin prediction
Talking at CNBC Closing Bell on Wednesday, Lee emphasised Bitcoin’s pivotal function as an indicator of the Trump administration’s financial insurance policies, including that historic tendencies counsel the cryptocurrency might surge to $250,000 in 2025.
Because the host highlighted the anticipated wave of adjustments underneath the Trump administration, Lee shared his perspective & underscored BTC as essentially the most clear indicator of the upcoming change.
He prompt that the cryptocurrency’s efficiency might function a key indicator of the broader financial and coverage impacts within the months forward, emphasizing its rising function in reflecting market sentiment amid political transitions.
Lee additional remarked,
“In all probability, one of the simplest ways to measure that is what Bitcoin is doing. As a result of bitcoin confronted huge regulatory burden over the previous few years and now now we have a White Home that’s embracing digital property.”
Lee on Trump administration
That being mentioned, Lee emphasised the worth of prior expertise in shaping financial insurance policies throughout Trump’s second time period & famous that the brand new administration’s cupboard is predicted to garner sturdy assist from the personal sector attributable to its pro-business stance.
This, based on Lee, might reignite investor confidence, prompting a shift from warning to a extra risk-on strategy within the monetary markets.
Lee added:
“A brand new SEC chairman, FTC chairman, and the brand new Commerce secretary, I feel these are literally being seen as pro-business, reviving animal spirit. However I feel a great proxy is watching bitcoin.”
What’s subsequent for Bitcoin?
When pressed by the Closing Bell host for a definitive 2025 Bitcoin goal, Lee confidently responded,
“We predict it’s going to observe an analogous halving cycle that we’ve seen previously, that might indicate one thing round $250,000 per bitcoin in 2025.”
Along with Tom Lee’s forecasts, each Donald Trump and Eric Trump have weighed in with daring BTC predictions.
Whereas the latter envisions Bitcoin reaching $150,000, Eric Trump goes additional, projecting it might soar to $1 million, dubbing it a cornerstone of a “monetary revolution.”
In the meantime, at present buying and selling at $100,322.89, BTC has skilled a minor 0.34% dip over the previous 24 hours, based on CoinMarketCap.
Nevertheless, technical indicators like RSI and CMF counsel that the bullish momentum is more likely to persist, fueling optimism amongst market watchers about Bitcoin’s trajectory.
