In a new interview with CNBC, Tom Lee has predicted that Bitcoin may top values north of $25,000 USD by the end of the year.
Tom Lee has previously indicated his belief that Bitcoin would top $25,000 USD values by the end of 2022, but now, in a new interview with CNBC, the Fundstrat co-founder has moved that claim forward by four years.
Lee now predicts that Bitcoin will see values north of the $25,000 USD mark by the end of 2018, and further elaborated that he sees the cryptocurrency reaching values above the $125,000 USD mark by 2022.
Lee’s views come after a massive dip in cryptocurrency markets, wherein Bitcoin itself fell to values just below the $10,000 USD mark before bouncing back to $11,000 USD.
The strategist remains optimistic, however, quipping that “We expect bitcoin’s major low to be $9,000, and we would be aggressive buyers around that level…We view this $9,000 as the biggest buying opportunity in 2018.”
In the past, Lee has correctly identified some of Bitcoin’s major price movements – most recently, the strategist identified Bitcoin’s one-day plunge to $10,400 USD on December 22nd.
Identifying new opportunity
In the interview, Lee further made predictions on three other cryptocurrencies. Chiefly, Lee predicts that Ethereum would reach values north of $1900 USD by the end of the year.
Similarly, the strategist expects to see Ethereum Classic climb by some 90% to touch values above $60 USD, while he similarly believes NEO could climb to $225 USD by the close of 2018.
Lee added that tactical rotations into other cryptocurrencies could provide opportunities for investors to outperform Bitcoin’s gains.
Have your say!
What values do you believe Bitcoin could reach in 2018? Could Lee be off the mark? Be sure to let us know your opinion in the comments below!