Tom Lee: Bitcoin will grow to $ 250,000

According to Tom Lee, co-founder of Fundstrat Global Advisors, bitcoin BTC $105,161.47 Bitcoin -1.52% Market capitalization $2.08 trillion VOL. 24 hours $3.68 billion may reach $ 250,000 as early as 2024. Also, the cryptocurrency can reach $ 150,000, repeating this year’s growth dynamics.

The expert claims that the next 12 months may become a «sweet spot» for cryptocurrency growth.

Li explained that after each halving, when the mining reward decreases, the supply of bitcoin decreases, which creates conditions for its price growth.

«We expected bitcoin to reach $ 100,000, and over the next 12 months, a rise to $ 250,000 looks quite possible and even very likely,» he said.

Lee also suggested that the new administration in the United States, led by Donald Trump, could further legitimize bitcoin if it starts to include the cryptocurrency in its strategic reserves.

He compared this to the approach of MicroStrategy, which uses bitcoin as a balance sheet asset, creating significant value for its shareholders.

Dave The Wave, a popular trader, noted that bitcoin only needs to repeat its growth dynamics from October 2023 to March 2024 (186%) to reach $ 150,000.

Experts are confident that a new growth cycle of bitcoin has already begun, and next year could be a record year for the cryptocurrency.

Market participants advise to monitor the dynamics and prepare for a possible historical maximum.

By the way, CryptoQuant analysts say that bitcoin metrics indicate continued market growth, and the upper goal for the cryptocurrency rate may be $ 146,000.

According to a report by Pantera Capital, bitcoin could reach $ 740,000 by April 2028 if the current growth rate continues. This forecast is based on an average annual growth rate of 88%.