{"id":56048,"date":"2025-11-27T09:29:07","date_gmt":"2025-11-27T02:29:07","guid":{"rendered":"https:\/\/hbbgroup.net\/tom-lee-cools-on-250k-bitcoin-call-year-end-ath-now-just-a-maybe\/"},"modified":"2025-11-27T09:29:07","modified_gmt":"2025-11-27T02:29:07","slug":"tom-lee-cools-on-250k-bitcoin-call-year-end-ath-now-just-a-maybe","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/tom-lee-cools-on-250k-bitcoin-call-year-end-ath-now-just-a-maybe\/","title":{"rendered":"Tom Lee cools on $250K Bitcoin call, year-end ATH now just a \u2018maybe\u2019"},"content":{"rendered":"
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BitMine chair Tom Lee has seemingly eased off his widely promoted $250,000 year-end Bitcoin forecast, now only giving it a \u201cmaybe\u201d that Bitcoin can reclaim its October all-time high of $125,100 before the end of the year.<\/p>\n

\u201cI think it\u2019s still very likely that Bitcoin is going to be above $100,000 before year-end, and maybe even to a new high,\u201d Lee said<\/a> during an interview with CNBC on Wednesday.<\/p>\n

This appears to be the first time Lee has publicly softened his $250,000 year-end Bitcoin (BTC<\/a>) price target, which he initially floated earlier in 2024 and continued to reiterate through early October<\/a>.\u00a0<\/p>\n

Lee\u2019s prediction was one of the more bullish. Other crypto executives, including Galaxy Digital CEO Mike Novogratz<\/a>, warned around October that \u201ccrazy stuff\u201d would need to happen for Bitcoin to reach that level.<\/p>\n

\"Cryptocurrencies,
Bitcoin is down 1.85% over the past 12 months. Source: <\/em>CoinMarketCap<\/em><\/a><\/figcaption><\/figure>\n

That being said, Lee said some of Bitcoin’s strongest days may still lie ahead before the end of 2025. <\/p>\n

\u201cI still think some of those best days are going to happen before year-end,\u201d he said, with 35 days remaining until the end of 2025.\u00a0<\/p>\n

Bitcoin holders will need to keep guessing, says exec\u00a0<\/h2>\n

Lee pointed out Bitcoin\u2019s\u00a0tendency to make the majority of its gains over a small number of trading sessions each year, noting that the asset typically \u201cmakes its move\u201d in just 10 days annually.<\/p>\n

The idea is widely shared among industry executives. Bitwise CEO Hunter Horsley said<\/a> in a February 2024 X post that while investors cannot predict when those days will be, missing Bitcoin\u2019s best 10 days historically means missing nearly all of its returns.<\/p>\n

\"Cryptocurrencies,
Source: <\/em>PlanC<\/em><\/a><\/figcaption><\/figure>\n

In 2024, Bitcoin\u2019s strongest 10 days delivered a combined return of 52%, while the remaining 355 days generated an average return of -15%.<\/p>\n

Bitcoin has been in a downtrend since Oct. 10, pressured by a $19 billion liquidation<\/a> across the crypto market that followed US President Donald Trump\u2019s announcement of a 100% tariff on Chinese goods.\u00a0<\/p>\n

It only reclaimed the $90,000 level on Wednesday after spending six consecutive days below it.<\/p>\n

This is despite November historically being the strongest month on average for Bitcoin since 2013, according<\/a> to CoinGlass.\u00a0<\/p>\n

Meanwhile, economist Timothy Peterson said on Monday that Bitcoin\u2019s bottom may already be in, or will occur this week<\/a>.<\/p>\n

Lee has been hit and miss with his Bitcoin predictions<\/h2>\n

If Bitcoin fails to hit Lee\u2019s prediction, it would not be the first time one of Lee\u2019s Bitcoin forecasts has fallen short.\u00a0<\/p>\n

Related: <\/strong><\/em>Bitcoin shows \u2018strong negative correlation\u2019 with USDt activity: Glassnode<\/strong><\/em><\/a><\/p>\n

In January 2018, Lee said<\/a> that Bitcoin could reach as high as $125,000 by 2022. The all-time high<\/a> in 2018 ended up being $17,172.<\/p>\n

However, Lee has also made accurate price calls too.\u00a0\u00a0<\/p>\n

In July 2017, Lee projected<\/a> that in a base-case scenario, Bitcoin could reach $20,000 by 2022, while a more bullish outlook could see a potential price as high as $55,000 over the same period.<\/p>\n

Bitcoin ended up reaching $20,000 in December 2020 and $55,000 in March 2021, according<\/a> to CoinMarketCap.<\/p>\n

Magazine: <\/strong><\/em>Getting scammed for 100 Bitcoin led Sunny Lu to create VeChain<\/strong><\/em><\/a><\/p>\n