Tom Lee, Chairman of BitMine, has revised his ambitious prediction that Bitcoin would reach $250,000 by the end of the year. In a recent interview with CNBC, Lee suggested that Bitcoin might only return to its all-time high of $125,100, which it reached in October. He expressed optimism that Bitcoin could still break $100,000 by year-end, but this marks a significant downplay from his earlier forecast.
Lee's original prediction of Bitcoin hitting $250,000 was made in early 2024 and reiterated as recently as October. His latest comments reflect a more cautious outlook amid the current market conditions, indicating a shift in expectations for the cryptocurrency's performance in the near term.
Tom Lee Revises Bitcoin Price Prediction, Abandons $250,000 Target
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