Tom Lee, the Chairman of BitMine and a well-known crypto bull, has softened his previously bold Bitcoin prediction. Earlier in the year, Lee projected that Bitcoin could hit $250,000 by the end of 2025. However, in a recent update, he has scaled back his forecast, now suggesting that a year-end all-time high (ATH) is only a “maybe.” Despite this cautious tone, Lee maintains his belief that Bitcoin will break past the $100,000 mark before the end of 2025.
Why the Change in Outlook?
Lee cited changing market dynamics and macroeconomic factors as reasons behind his more reserved outlook. While he remains fundamentally bullish, he acknowledged that Bitcoin’s path to new highs might take longer than previously expected. Market volatility, shifting investor sentiment, and regulatory uncertainty could all be playing roles in tempering near-term price expectations.
Still, Lee’s revised target is far from bearish. A $100K Bitcoin would represent a significant gain from current levels, reinforcing his long-term confidence in the digital asset.
LATEST: BitMine's chair Tom Lee softens his $250K Bitcoin year-end target, says year-end ATH is a ‘maybe’, but still expects $BTC to surpass $100K before 2025 ends. pic.twitter.com/ef3mOkqgyw
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$100K Is Still in Sight
Even though Lee walked back the ultra-bullish $250K target, his updated forecast signals strong long-term belief in Bitcoin’s potential. He emphasized that Bitcoin’s fundamentals remain intact—rising institutional adoption, halving effects, and growing interest from retail investors all support a continued price climb.
Investors should view Lee’s comments as a recalibration, not a reversal. While the moonshot may be delayed, the rocket still appears to be on the launchpad.