Source: BlockMedia
Original Title: Tom Lee “Bitcoin Could Double by the End of January”
Original Link: https://www.blockmedia.co.kr/archives/1031044
Renowned Wall Street Bitcoin bull and co-founder of Fundstrat, Tom Lee, has attracted market attention by stating that “Bitcoin could double in value by the end of January.” His comments come amid recent sideways trading around $90,000, prompting both expectations and caution among investors.
In an interview, Tom Lee emphasized the need to pay attention to structural changes surrounding the Bitcoin market, diagnosing that the traditionally discussed “4-year cycle” concept no longer fully explains price movements. He explained, “As institutional funds flow in and mainstream adoption increases, different price formation patterns are emerging compared to the past,” indicating that an environment conducive to rapid short-term price movements is being created.
He particularly assessed the overall digital asset market as “entering a genuine recovery phase,” suggesting that Bitcoin could potentially experience a strong upward surge in the near term. However, this is interpreted less as a definitive prediction of a specific timing and more as a scenario that could unfold if supply-demand dynamics and market sentiment align.
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Tom Lee: "Bitcoin could double by the end of January"
Source: BlockMedia Original Title: Tom Lee “Bitcoin Could Double by the End of January” Original Link: https://www.blockmedia.co.kr/archives/1031044 Renowned Wall Street Bitcoin bull and co-founder of Fundstrat, Tom Lee, has attracted market attention by stating that “Bitcoin could double in value by the end of January.” His comments come amid recent sideways trading around $90,000, prompting both expectations and caution among investors.
In an interview, Tom Lee emphasized the need to pay attention to structural changes surrounding the Bitcoin market, diagnosing that the traditionally discussed “4-year cycle” concept no longer fully explains price movements. He explained, “As institutional funds flow in and mainstream adoption increases, different price formation patterns are emerging compared to the past,” indicating that an environment conducive to rapid short-term price movements is being created.
He particularly assessed the overall digital asset market as “entering a genuine recovery phase,” suggesting that Bitcoin could potentially experience a strong upward surge in the near term. However, this is interpreted less as a definitive prediction of a specific timing and more as a scenario that could unfold if supply-demand dynamics and market sentiment align.