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Cryptocurrency News Articles
Bitcoin (BTC) Is Setting Up for a 'Strong Second Half of the Year', Says Fundstrat's Tom Lee
Apr 01, 2025 at 02:53 am
As Bitcoin flirts with near-term lows under $80,000, Fundstrat co-founder and managing partner Tom Lee believes the digital asset is setting up for a strong second half of the year.
As Bitcoin flirts with near-term lows under $80,000, Fundstrat co-founder and managing partner Tom Lee believes the digital asset is setting up for a strong second half of the year.
In an interview with CNBC, Lee said that despite recent price weakness, current conditions offer a good entry point for long-term investors.
“I think so,” Lee replied when asked if now is a good time to be “stacking” Bitcoin (BTC).
“Part of this was that Bitcoin seasonally is just not going to be attractive until after March ends. And now we’re finally exiting March.”
Lee pointed to macroeconomic and political catalysts that suggest “the calendar is looking better”. This could help Bitcoin rally through the end of the year. Notably, the Federal Reserve and central banks are easing and quantiative tightening is ending. Coupled with “positive Washington tailwinds,” Bitcoin “can do well until the end of the year.”
$150k or higher is ‘possible’
Lee reiterated his long-standing bullish outlook on Bitcoin, maintaining a year-end target of at least $150,000.
“I know it doesn’t feel like it, but once we get through this [Trump’s] tariff agenda, markets can look forward to things that could be positive,” he explained.
On the topic of the U.S. dollar and crypto’s role in global markets, Lee agreed with recent comments from BlackRock CEO Larry Fink, who warned that U.S. protectionist policy could undermine the dollar’s strength.
However, Lee believes that smart stablecoin regulation could actually protect the dollar’s dominance.
“In crypto, when it comes to stablecoins, the dollar is way more dominant there than it is in traditional markets,” he said. “So I think you actually kind of protect the dollar with stablecoin legislation.”
As April begins, Lee’s message to investors is clear: the worst may be behind us, and the path forward could lead to new all-time highs.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- Pi Network's Native Token, PI, Has Dropped by 74% from Its All-Time High, Dropping to $0.68
- Apr 02, 2025 at 07:10 pm
- Pi Network's native cryptocurrency, PI, has recently experienced a significant decline in value, dropping to approximately $0.68. This decrease represents a 74% decline from its all-time high of $2.98 in February 2025.
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