Co-founder and Fundstat strategist Tom Lee anticipated that Bitcoin will hit $25,000 by the end of this year in an interview with CNBC on Jan. 18. Lee had already predicted that BTC would reach this mark by 2022.
BTC Will Hit $25,000
The Wall Street strategist told CNBC that by 2022, he sees Bitcoin hitting the $125,000 mark.
Lee’s forecast comes after an exceptionally unstable week in the crypto market. With BTC hitting below $10,000, dipping lower than it did amid the market crash Dec. 22. Only days before the December crash, Bitcoin had hit an all-time high over $20,000.
Lee anticipates that $9,000 or below seen in the current week, will be the cost floor or BTC in this year. He observes another market dip as a chance for investors:
“We expect bitcoin major low to be $9,000, and we would be aggressive buyers around that level […] We view this $9,000 as the biggest buying opportunity in 2018.”
Lee offered predictions for many altcoins. Predicting that ETH and Ethereum Classic would see about 90% development by the end of the year, and NEO 50%.
Now, the crypto market started its bounce back, with Bitcoin up nearly 15% and the best 20 altcoins up as much as 70% in the 24 hours to press time.
Source : http://cryptoheights.com/btc-will-hit-25000-in-2018/