Tom Lee Reiterates Bitcoin’s $250,000 Target For 2025, Says New White House Is ‘Embracing’ Digital Assets: ‘We Have A Trump Put’
By Benzinga
Prominent financial market commentator Tom Lee doubled down on his $250,000 price target for Bitcoin (CRYPTO: BTC) in 2025 on Wednesday, thanks to a friendlier White House.
What happened: Lee, managing partner and head of research at Fundstrat Global Advisors, stated in a CNBC interview that the leading cryptocurrency faced numerous regulatory pressures in the last few years, but the new White House is “embracing” digital assets.
“A new SEC Chair, a new FTC Chair, a new commerce secretary—I think these are being viewed as pro-business reviving animal spirits, but I think a good proxy is watching Bitcoin,” Lee said.
When asked about Bitcoin’s price target in 2025, the analyst replied that it would follow the halving cycle, implying a level somewhere around $250,000.
“On top of that, we have a Trump put because Bitcoin is potentially a strategic reserve asset for the U.S.,” Lee said.
Why It Matters: Lee’s latest remark reiterated his earlier projections of the marquee digital asset hitting $250,000 by 2025-end.
He also accurately called Bitcoin’s breach above $100,000 last week.
As the leading cryptocurrency eventually hit the historic milestone, Lee said it could be a precursor to a bullish stock market, setting a target of 6,300 for the S&P 500 by year-end.
Price Action: At the time of writing, Bitcoin was exchanging hands at $101,029.29, up 4% in the last 24 hours, according to data from Benzinga Pro.
Image via Shutterstock
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