Tom Lee, chair of BitMine, appears to be pulling back from his previously aggressive prediction that Bitcoin (BTC) could hit $250,000 by the end of 2025. In a recent interview, Lee described that target as now “a maybe,” while still expressing measured optimism about bitcoin’s near-term prospects.
Lee clarified that while he continues to believe “some of those best days” for Bitcoin may yet unfold before year-end, his stance reflects a more cautious view than prior forecasts. He reiterated his conviction that Bitcoin is likely to remain above $100,000 by year-end and that a new all-time high remains within the realm of possibility — even if his former $250,000 estimate now seems unlikely.
According to Lee, bitcoin tends to deliver the bulk of its gains during a small number of volatile trading days each year, often as few as ten. He emphasized that missing those days can mean missing most of the returns historically tied to BTC’s bullish phases.
The tempered outlook comes amid a broader slide in crypto markets. Bitcoin has been under pressure since a massive $19 billion liquidation event triggered on October 10, a sell-off intensified by macro uncertainty and market jitters. Even though BTC has reclaimed the $90,000 level, the sharp decline following its all-time high near $125,100 in early October has dampened bullish exuberance.
This is not the first time Lee’s bullish bets have faced setbacks. In 2018 he predicted Bitcoin could reach $125,000 by 2022 — a projection that failed to materialize. Yet his record is not uniformly off; some of his earlier mid-range forecasts had been hit with reasonable timing.
Despite the recalibration, Lee continues to insist that Bitcoin’s “best days” may still lie ahead. He suggests that much of the market’s eventual upside could come in a short burst over a handful of trading sessions, rather than a gradual climb. For now, investors may need to watch closely and wait — the window for big moves could still open, but it may also close soon.
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Author: Michael
