Fund strategist echos 6-figure BTC price targets, sees $250K+ in 2025

Lee: Bitcoin bull run “sweet spot” has begun

It is “highly probable,” he told SkyBridge Capital CEO Anthony Scaramucci this week, that BTC/USD will hit a quarter of a million dollars per coin next year — or more.

The reason, he said, was BTC price cycles revolving around block subsidy halving events.

“The sweet spot of that price again as supply is cut starts to happen toward the end of this year and into next year,” he explained.

“I think that has supported why we expected Bitcoin to be $100,000, and over the next 12 months I think something like over $250,000’s possible, maybe highly probable, based on just following this price cycle.”

Lee added that the incoming United States government administration under Donald Trump could exert a significant legitimizing force on Bitcoin should it begin amassing coins under its strategic reserve pledge.

“It’s almost like taking a playbook from MicroStrategy because MicroStrategy has proven that using Bitcoin as a balance-sheet asset has really created a lot of value for MicroStrategy shareholders,” he reasoned.

On X, popular account The Bitcoin Therapist described Lee’s full remarks on MicroStrategy’s Bitcoin reserve as “one of the most clear and concise explanations about what is going with MicroStrategy and Bitcoin.”

$150,000 BTC price surge “doable”

Social media is also awash with commentators putting faith in Bitcoin’s ongoing bull market.

All it needed to do, a chart showed, was repeat its performance from between October 2023 and March 2024, during which it gained 186%.

“Just goes to show how doable a 150k btc price is here,” he summarized on X.

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