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Tom Lee, head of the Fundstrat investigation, says Bitcoin could rise to $ 250,000 by the end of 2025. According to an interview on the Squawk Box of CNBC today, Lee pointed out that Bitcoin recently fell from its highest height of $ 111,970 to around $ 104,000. He still thinks that the market will last around that level.
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Lee’s short -term prospects
Lee told the host of Squawk Box Joe Kergen that 95% of all Bitcoin – around 19.80 million coins – has already been mined from a maximum of 21 million. That lets around 1.13 million coins wait to be produced. He sees that as a tight Delivery institution.
He also noted that although almost all Bitcoin exists, 95% of the world’s population has no possession. Based on reports, that gap between supply and potential buyers could push the prices higher in the coming months.
To reach $ 250,000 of around $ 104,000, Bitcoin should jump around 140%. Lee still believes that it can reach $ 150,000 in December and can even extend to $ 200,000 to $ 250,000 if demand warms up.
Question and demand gap
Lee emphasized the fact that most people in the world did not buy Bitcoin. He said this creates an imbalance. On the one hand you have an almost fixed stock. On the other hand, millions of new buyers can be in the next 10 years. He explained that if even a fraction of those people decide to buy Bitcoin, the price could move a lot higher.
https://www.youtube.com/watch?v=TK-7S_MUUXU
At present, only about 5% of all coins must be mined. That means that a new supply delays quickly. At the same time, more portfolios, apps and simple ways to buy fresh money can bring in. Lee thinks that this mismatch is a large part of why Bitcoin could continue to climb.
Long -term valuation goals
When demanding Bitcoin’s terminal value – which means his price when all the coins are mined by 2140 – Lee said he expects it to match the approximately $ 23 trillion market capitalization of Gold. That amounts to at least $ 1.15 million per bitcoin if there are 20 million coins in circulation.
He opted for 20 million instead of 21 million because supposed losses (lost keys, forgotten portfolios) mean that not every coin will ever be spent. Lee went on and said he sees room for Bitcoin to hit $ 2 million or $ 3 million per coin. That would place his average “bull’s case” at $ 2.5 million, which is about an increase of 2,300% compared to today’s level.
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Other analysts forecasts
Vaneck’s head of digital assets research, Matthew Sigel, also has a long distance prediction. On the basis of what Sigel said investors, Vaneck sees Bitcoin hit $ 3 million by 2050. That prediction comes out with Lee’s idea of Bitcoin matching or even beating gold over time. Both calls are based on a steady growth in demand, plus wider use by large institutions such as hedge funds or pension schemes.
Featured image of Gemini, graph of TradingView