Tom Lee from Fundstrat believes that purchasing Bitcoin at $90,000 is a good entry point for long-term investors. He is confident that in the long run, such investors will not lose money, despite the possible price drop to $70,000. Lee noted that for those who are focused on the future, this is not critical.
At the time of the interview, the crypto asset was trading at $91,662. Tom Lee mentioned that a 15% drop from the all-time high is a normal correction for “hyper-volatile assets.” He outlined two scenarios: BTC could fall to $70,000 or, in the worst case, to $50,000, which would be a temporary phase before recovery.
Marcus Thielen from 10x Research warns that inflation and rising bond yields could cause Bitcoin to fall to $69,000. Lee advises investors to “wait out” the short-term volatility, awaiting the Consumer Price Index data on January 15, 2025.
The correction in the price of digital gold is related to concerns over the tightening of the Federal Reserve’s monetary policy, rising bond yields, and the strengthening of the dollar. A decision on interest rates is expected on January 29, 2025, which could impact the market. Despite the short-term challenges, experts predict Bitcoin will rise to $180,000–$200,000 by the end of 2025, especially if the U.S. creates a Bitcoin reserve. Currently, it is trading at $94,650, which highlights the volatility and risks for short-term investors.
