Tom Lee Says Bitcoin Can Still Reach $150K–$200K by Year’s End, Despite October’s “Mini Tsunami”
Fundstrat's Tom Lee predicts Bitcoin could still hit $150K–$200K by year-end despite recent market turbulence.Summary
Fundstrat Global Advisors' Tom Lee expressed confidence that Bitcoin can still reach between $150,000 and $200,000 by the end of the year, even following a major liquidation event in mid-October, which he termed a "margin call tsunami." This October turbulence was partially triggered by President Trump's announcement of 100% tariffs on Chinese goods, causing Bitcoin to drop from around $117,000 to lows near $104,000 before settling around $107,000.
Lee believes the market is currently consolidating, but strong fundamentals—such as exploding Ethereum and stablecoin volumes and all-time high application revenues—are leading the crypto space. He anticipates this weakness is just a pause before a year-end rally, projecting Ethereum could reach $7,000 alongside Bitcoin's surge.
Furthermore, Lee maintained a broad bullish outlook, expecting U.S. equities to rally strongly in November, potentially adding 200 to 250 points to the S&P 500. He cited negative investor sentiment and underperforming fund managers as contrarian indicators suggesting a significant "performance chase" into year-end, concluding that "Strong years end strong."
(Source：Bitcoin Magazine)