Tom Lee
Resolved (10)
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Cooling his earlier $250K call, Tom Lee told CNBC it was still very likely Bitcoin would be above $100,000 before year-end 2025 and 'maybe even' set a new high.
“I think it's still very likely that Bitcoin is going to be above $100,000 before year-end, and maybe even to a new high.”
BTC never regained $100k by year-end 2025 — high by 2025-12-31 deadline was only $94,641.
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On CNBC, Tom Lee said Bitcoin could still rally into year-end 2025 to $150,000-$200,000 (and Ethereum to ~$7,000).
“Eventually we consolidate and then we rally into year end — $150,000 to $200,000 for Bitcoin.”
BTC's high was only $110,749 through the 2025-12-31 horizon; never reached $150,000.
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In an interview with Anthony Pompliano, Tom Lee argued Bitcoin's traditional four-year halving cycle is breaking down, saying the old model where Bitcoin peaks 12-18 months after each halving no longer explains the current market and that price is now driven by liquidity and institutional flows.
“The old model, where Bitcoin peaks 12 to 18 months after each halving, no longer explains the current market. ... Price movements today are far more aligned with global liquidity and institutional flows than with Bitcoin's internal supply schedule.”
BTC topped ~$126k and crashed to $58,161 roughly 12-18 months after the April 2024 halving — consistent with the traditional cycle, contradicting the 'cycle is broken' thesis.
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Tom Lee is calling for Bitcoin to reach approximately $150,000 by the end of 2025.
“Other big names like Tom Lee and Anthony Scaramucci are still calling for those kinds of prices to happen by the end of this”
BTC's high was only $126,296 through the 2025-12-31 horizon; never reached $150,000.
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Tom Lee expects Bitcoin to build on its current ~$120,000 level and reach $200,000 to $250,000 before the end of 2025.
“I think Bitcoin should really build upon this 120 before the end of the year. So 200,000, maybe 250.”
$200-250k by end-2025 never reached — high by deadline was $126,296, far below the band.
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Tom Lee told CNBC he saw an end-of-year target for Bitcoin between $200,000 and $250,000 for 2025.
“end of year target for bitcoin between $200,000 to $250,000”
BTC's high was only $126,296 through the 2025-12-31 horizon; never reached $200,000.
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On CNBC's Closing Bell, Tom Lee said Bitcoin would follow a similar halving cycle to the past, implying around $250,000 per bitcoin in 2025.
“We think it's going to follow a similar halving cycle that we've seen in the past, that would imply something around $250,000 per bitcoin in 2025.”
BTC's high was only $126,296 through the 2025-12-31 horizon; never reached $250,000.
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Bitcoin reaches a price target of roughly $150,000 by the end of 2024, which he considers achievable if the S&P rallies into year-end.
“And he triangulates to $150,000 roughly by the end of the year. And I think that's pretty achievable. I mean, it really principally only happens if the S&P actually can rally into the end of the year. And that's our base case.”
BTC's high was only $108,389 through the 2024-12-31 horizon; never reached $150,000.
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Tom Lee stood by his forecast that Bitcoin would reach $150,000, expecting a sharp rebound in the second half of 2024 as the 10-year Mt. Gox overhang cleared.
“Lee also stated he expects 'a pretty sharp rebound' for bitcoin in the second half of 2024 ... supporting his $150K forecast. 'I think it's a reason to actually expect a pretty sharp rebound in the second half.'”
BTC's high was only $108,389 through the 2024-12-31 horizon; never reached $150,000.
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Tom Lee reaffirmed his $100,000 per-token year-end target for Bitcoin in 2021, saying he still thought it could exit the year over $100,000 despite the prior week's collapse.
“Wall Street strategist Tom Lee told CNBC on Monday that last week's bitcoin collapse has not shaken his bullish resolve, saying he's standing by his $100,000 per token year-end price target. ... 'I still think it could exit the year over $100,000.'”
BTC's high was only $69,000 through the 2021-12-31 horizon; never reached $100,000.
Open (5)
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Bitcoin will reach $1 million.
“$1 milllion bitcoin $BTC”
Not reached yet (high $82,814 since 2026-05-06); 2032-05-06 horizon not passed as of 2026-07-01.
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On CNBC's Squawk Box, Tom Lee revived his target, saying Bitcoin could reach between $200,000 and $250,000 by the end of 2026 and that he doesn't think Bitcoin has peaked.
“Lee stated Bitcoin could reach between $200,000 and $250,000 this year (2026), according to remarks he made to CNBC on Monday, January 6, 2026.”
Not reached yet (high $97,964 since 2026-01-06); 2026-12-31 horizon not passed as of 2026-07-01.
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Tom Lee states that if gold settles at $5,000 Bitcoin's terminal fair value would be $1.6–$2 million once it matches gold's network value, arguing rising gold is helping Bitcoin's future price.
“let's say gold settles at $5,000. That puts fair value of Bitcoin, you know, like $1.6 to $2 million if it matches gold's network value. So I think it's actually helping Bitcoin's future terminal price.”
Open-ended 'terminal/future' fair-value claim ($1.6-2M) with no deadline; window not elapsed and current price is $58,161.
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Tom Lee believes Bitcoin should exceed one million dollars over time as it supplants gold.
“I think Bitcoin should be over a million over time. And then I kind of prescribing to the view that there's probably a chance that maybe the four-year cycle's ending for Bitcoin because of the way institutional adoption of that thesis is taking place.”
Not reached yet (high $126,296 since 2025-08-05); 2030-08-05 horizon not passed as of 2026-07-01.
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Bitcoin's total value reaching the ~$16 trillion value of above-ground gold seems reasonable, as a minimum target before reevaluating whether it has peaked.
“when does Bitcoin have to reevaluate whether it's peaking is when the value of Bitcoin exceeds the value of above ground gold today? And that's $16 trillion... it'll be some multiple of what gold is today, but I would say reaching $16 trillion seems somewhat reasonable.”
Open-ended long-term target of ~$16T market cap (BTC ~$800k+); high since made only $126,296 — far from target, no deadline so window not elapsed.