Fundstrat's Tom Lee Predicts Bitcoin Rally to $200,000 by Year-End 2024

Tom Lee, head of research at Fundstrat Global Advisors, predicts that Bitcoin could rally to $200,000 before the end of 2025, nearly doubling from current levels around $112,000. He attributes this potential surge to the Federal Reserve's anticipated rate cuts starting in September, which historically have boosted risk assets including cryptocurrencies and small-cap equities. Lee emphasizes Bitcoin and Ethereum's sensitivity to monetary policy and the strong seasonality of crypto markets in the fourth quarter. He also highlights that the Fed's nine-month pause on rate changes is unusual and that renewed easing is likely to enhance investor confidence, lower mortgage rates, and stimulate housing demand, further supporting market rallies. This bullish outlook is supported by observations of past market cycles and is complemented by broader analyses suggesting evolving portfolio strategies and the growing impact of decentralized finance. Overall, Lee's forecast reflects optimism about crypto's responsiveness to macroeconomic trends and monetary policy shifts in the months ahead.