Tom Lee, co-founder of Fundstrat Global Advisors, predicts Bitcoin to reach more than $150,000 by the end of 2025.
Lee remains confident in long-term prospects of Bitcoin despite recent volatility and believes institutional support and broader adoption will contribute to its growth.
Other financial firms, such as Bitwise and Standard Chartered, also project Bitcoin to reach $200,000 in 2025, supporting Lee's viewpoint.
The influence of government regulations on Bitcoin's performance this year and the importance of long-term holding for potential investors are also highlighted.