Bitcoin Could Reach $250,000 by 2025, Says Fundstrat Head

Tom Lee, the head of research at Fundstrat, has expressed his bullish outlook on Bitcoin, predicting that the cryptocurrency could reach $250,000 by the end of 2025. In an interview on CNBC’s Squawk Box, Lee noted that Bitcoin recently experienced a dip from its all-time high of $111,970 to approximately $104,000. Despite this fluctuation, Lee remains optimistic about the market's stability around the current levels.

Lee emphasized that 95% of all Bitcoin, amounting to about 19.80 million coins, has already been mined out of the maximum supply of 21 million. This leaves roughly 1.13 million coins yet to be produced, creating a tight supply scenario. He also pointed out that while nearly all Bitcoin exists, 95% of the global population does not own any. This gap between supply and potential buyers could drive prices higher in the coming months.

To achieve a price of $250,000 from the current level of around $104,000, Bitcoin would need to increase by approximately 140%. Lee believes that Bitcoin could reach $150,000 by December and potentially extend to $200,000 to $250,000 if demand continues to rise. He highlighted the imbalance between the nearly fixed supply of Bitcoin and the potential influx of millions of new buyers over the next decade. Even a small fraction of these new buyers entering the market could significantly boost prices.

Currently, only about 5% of all coins remain to be mined, indicating that new supply is rapidly decreasing. Simultaneously, the increasing availability of wallets, apps, and user-friendly purchasing methods could attract fresh capital. Lee views this supply-demand mismatch as a key factor driving Bitcoin's potential for sustained growth.

When discussing Bitcoin’s long-term valuation, Lee expects its price to match gold’s market cap of roughly $23 trillion by 2040. Assuming 20 million coins in circulation, this would translate to at least $1.15 million per Bitcoin. Lee further speculated that Bitcoin could reach $2 million or $3 million per coin, with an average “bull case” of $2.5 million, representing a roughly 2,300% increase from current levels.

Other analysts share Lee’s optimistic outlook. Matthew Sigel, the head of digital asset research at VanEck, predicts that Bitcoin could hit $3 million by 2050. This forecast aligns with Lee’s vision of Bitcoin matching or surpassing gold’s market value over time, driven by steady demand growth and increased institutional adoption.