Thomas Lee’s $200,000 Bitcoin Price Prediction Is Unrealistic
Economist Peter Schiff believes that Thomas Lee, CIO of financial company Fundstrat Capital, went too far in predicting that the Bitcoin exchange rate would rise to $200,000.
According to Lee, BTC will rise to $200,000 by the end of 2025, thanks to the US key rate cut. Accordingly, the only reason why the bullish rally in the cryptocurrency market has stopped is due to the two-month pause taken by the US Federal Reserve Bank, which is not yet willing to ease monetary policy.
Schiff questioned Thomas’s hypothesis, as gold has risen 10% in the past two months to an all-time high of $3,620. Bitcoin has remained virtually unchanged over the same period, falling to $124,517 after peaking at $14 on August 111,763.
Market participants are looking ahead. That is why gold prices have increased by 10% ahead of the [likely] key rate cut. The fact that Bitcoin has not risen in price at the same time as the precious metal under the same conditions, should raise concerns, Peter wrote.
Peter Schiff
Schiff believes that instead of BTC rising to $200,000, we will see the digital asset fall below $100,000 this year. If this prediction comes true, XAU will be well ahead of the retreating Bitcoin by the rate of exchange rate growth by the end of 2025, and the economist again will laugh over cryptocurrency investors.
