Fundstrat Research Director: Bitcoin may reach $200,000 to $250,000 by the end of the year

Tom Lee, head of research at Fundstrat and a Bitcoin bull, said that as a volatile asset, Bitcoin has fallen 15% from its highs, which is a normal adjustment. Glassnode data shows that Bitcoin's decline in this cycle is relatively mild, about 15%-20%, much smaller than the 30%-50% decline during the previous bull market, which shows that the asset is becoming more mature. Despite the short-term correction, Lee still believes that Bitcoin will be one of the best assets in 2025 and is still optimistic about the target of $200,000 to $250,000 by the end of the year. (CoinDesk)