Tom Lee maintains a bullish view, predicting that Bitcoin will rise to $200,000 by the end of January next year.

According to Bloomberg, Tom Lee reiterated his bullish view, and his team confirmed that despite the recent market downturn, he still expects Bitcoin to rebound to between $150,000 and $200,000 by the end of January next year. Tom Lee is known for his bold and optimistic market predictions. He previously predicted that Bitcoin would reach $3 million by 2030. He believes that the long-term power of retail investors will continue to drive the market higher. He stated that those who have failed to maintain a bullish view over the past decade "have consistently been wrong." Tom Lee's BitMine Immersion Technologies Inc. currently holds approximately $12 billion worth of Ether, representing about 3% of the total supply of the world's second-largest digital asset. However, with Ether falling about 40% from its August high, BitMine Immersion Technologies Inc.'s stock price has fallen about 50% in the past three months, and the company is facing significant paper losses.