Bitcoin News Update: Eternal Bull Tom Lee Rejects Bearish Doubts, Maintains $200k Bitcoin Prediction
- Tom Lee, BitMine's permabull, predicts Bitcoin will hit $150k–$200k by January 2026 despite current $90k price drop. - He attributes the bearish phase to temporary factors like Fed uncertainty and October sell-off anxiety, citing technical exhaustion signs. - Lee also forecasts Ethereum's "supercycle" growth, comparing its trajectory to Bitcoin's 2017 pattern amid rising long-term holder accumulation. - Market skepticism persists with $3.79B Bitcoin ETF outflows and warnings of 50% drawdowns, testing Lee
Although Bitcoin's value has dropped sharply below $90,000, Tom Lee, BitMine's executive chairman and a well-known long-term optimist in the financial sector, continues to stand by his forecast that the cryptocurrency will climb to between $150,000 and $200,000 by the close of January 2026. He reaffirmed this outlook in a November 2025 interview,
Lee points to short-term market factors, such as ongoing unease from the October 10 sell-off and ambiguity regarding Federal Reserve actions, as reasons for the recent slump. Nevertheless, he maintains that technical signals indicate the downturn is nearly over, with BitMine’s Matt Hougan
This projection builds on Lee’s previous predictions, such as his statement at the South Korea Blockchain Week Impact Summit in September 2025 that Bitcoin could reach $200,000–$250,000 by year’s end. While the timing has shifted, his faith in Bitcoin’s long-term prospects remains firm. This is consistent with BitMine’s own approach, which involves holding $11.8 billion in crypto and cash reserves,
Lee also anticipates
Nonetheless, skepticism in the market is evident.
Even with these challenges, Lee’s history as an outspoken optimist—famously forecasting that the S&P 500 would double by 2030—has brought him both praise and doubt. His Bloomberg profile
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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