Bitcoin News Update: Eternal Bull Tom Lee Rejects Bearish Doubts, Maintains $200k Bitcoin Prediction

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Bitcoin News Update: Eternal Bull Tom Lee Rejects Bearish Doubts, Maintains $200k Bitcoin Prediction

Bitget-RWA2025/11/21 10:58

By:Bitget-RWA

- 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,

which stands in contrast to the prevailing pessimism

, as

Bitcoin

has shed more than 25% of its value since the liquidation event in October.

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

sharing the perspective

that the current price levels offer a "once-in-a-generation chance" for those investing for the long haul. Lee’s optimism is based on his conviction that a broader rally in equities will eventually drive Bitcoin to fresh peaks,

reflecting past trends

where both stocks and cryptocurrencies have moved together.

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,

including 3.6 million Ethereum (ETH) coins

— representing 2.9% of the total

ETH

supply — within its portfolio.

Bitcoin News Update: Eternal Bull Tom Lee Rejects Bearish Doubts, Maintains $200k Bitcoin Prediction image 0

Lee also anticipates

Ethereum

entering a "supercycle" similar to Bitcoin’s earlier periods of rapid growth. He draws parallels between ETH’s current price movement and Bitcoin’s 2017 surge, emphasizing that heightened volatility often comes before major rallies. With long-term Ethereum holders now possessing 27 million tokens, up from 10 million earlier in 2025,

Lee contends

that ongoing accumulation and upgrades like the Fusaka network update are setting the stage for a prolonged ETH uptrend.

Nonetheless, skepticism in the market is evident.

ETF withdrawals

, global political tensions, and worries about AI-related valuations have deepened the decline, with Bitcoin ETFs seeing $3.79 billion in outflows just in November. Detractors such as Alliance DAO’s QwQiao caution that prices could fall another 50% before a true bottom is reached, while BlackRock’s Bitcoin ETF

is experiencing unprecedented outflows

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

underscores his bold predictions

such as a speculative $3 million Bitcoin price by 2030. For now, the market is in a waiting game, with Lee’s $200,000 target dependent on larger economic shifts and a return to risk-friendly sentiment.

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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Bitget-RWA•2025/11/21 11:14

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Bitget-RWA•2025/11/21 11:14

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Bitget-RWA•2025/11/21 11:14

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Bitcoin Latest Updates: ETF Arbitrage Tactics Heighten the Danger of Bitcoin Price Drops

- U.S. crypto markets face crash risks as major Bitcoin ETFs like IBIT and FBTC record $3.79B in November outflows, driven by profit-taking after October's rally. - Experts warn of 50%+ price corrections to flush out inexperienced investors buying ETFs/DATs, with leveraged positions and arbitrage trades amplifying downward pressure. - Bitcoin fell below $83,400 as ETF holders' average cost basis exceeds current prices, while arbitrage strategies involving futures shorting risk mechanically lowering prices.

Bitget-RWA•2025/11/21 11:14