Tom Lee’s Bitcoin Bluster: $250K or Bust? 🤔💰

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Well, I say, old bean, it appears that the estimable Tom Lee, he of the BitMine throne, has rather egg on his face-or should I say, a spot of cryptocurrency custard? 🥚💸 His much-trumpeted $250,000 Bitcoin prophecy for the year’s end has been downgraded to a mere “maybe,” a word that, in the lexicon of financial soothsayers, translates to “I’m hedging my bets like a chap at Ascot.” 🏇

“I say, it’s still jolly likely Bitcoin will top $100,000 before the year’s out, and perhaps even shimmy to a new high,” Lee chirped during a spot with CNBC on Wednesday, his tone as breezy as a summer’s day at Blandings. 🌞

This, my dear reader, marks the first time our intrepid forecaster has publicly waffled on his $250,000 target, a figure he’d been touting with the zeal of a Gussie Fink-Nottle discussing newts since early 2024. 🐸

Lee’s prediction, mind you, was bullish enough to make even the most ardent crypto enthusiast raise an eyebrow-or, in the case of Galaxy Digital’s Mike Novogratz, warn that “crazy stuff” would need to happen for Bitcoin to hit such heights. 🌟

Still, Lee remains ever the optimist, insisting that Bitcoin’s sunniest days may yet lie ahead before 2025 bids us adieu. “Some of those rip-roaring days are still on the cards,” he declared, with a mere 35 days left to prove his mettle. 📅

Bitcoin Holders Left Guessing, Says Exec 🧐

Lee, ever the astute observer, pointed out Bitcoin’s penchant for making its most dramatic moves in a mere 10 days annually-a bit like Bertie Wooster’s brainwaves, few and far between but oh-so-impactful. 🧠

This nugget of wisdom is shared by industry bigwigs, including Bitwise’s Hunter Horsley, who noted that missing those 10 days is like missing the last train to Brinkley Court-you’re left standing in the cold. 🚂

In 2024, Bitcoin’s top 10 days delivered a whopping 52% return, while the remaining 355 days were as dreary as a wet weekend in London, averaging a -15% return. ☔

Since October 10, Bitcoin has been in a bit of a pickle, thanks to a $19 billion liquidation sparked by Trump’s tariff tantrum on Chinese goods. It only clawed back to $90,000 on Wednesday after a six-day sulk. 🥒

And this, despite November being Bitcoin’s traditional month of merriment, according to CoinGlass. 🎉

Meanwhile, economist Timothy Peterson chimed in on Monday, suggesting Bitcoin’s bottom might already be in-or will be, sharper than a Jeeves retort, by week’s end. 🔮

Lee’s Hit-or-Miss Bitcoin Crystal Ball 🔮

If Bitcoin fails to hit Lee’s mark, it wouldn’t be his first misstep. In January 2018, he predicted Bitcoin could soar to $125,000 by 2022. The actual peak? A modest $17,172. Oopsadaisy! 😅

But let’s not be too hard on the chap. In July 2017, Lee foresaw Bitcoin hitting $20,000 by 2022, with a bullish stretch to $55,000. Lo and behold, it hit $20,000 in December 2020 and $55,000 in March 2021. Bravo, old sport! 🎩

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2025-11-27 04:22