Tom Lee Says Bitcoin Can Still Reach $150K–$200K by Year's End, Despite October's “Mini Tsunami”

Cryptocurrency enthusiasts have reason to be bullish on Bitcoin's long-term prospects, as renowned analyst Tom Lee remains confident the digital asset could surge to between $150,000 and $200,000 by the end of 2022. Despite a "mini tsunami" in October that saw BTC prices temporarily dip, Lee, the co-founder of Fundstrat Global Advisors, told CNBC he believes Bitcoin is still on track for a massive year-end rally.

Lee's optimistic price prediction comes as the broader cryptocurrency market navigates a period of heightened volatility, with BTC and other leading altcoins like Ethereum experiencing sharp swings in recent weeks. However, the veteran strategist maintains that underlying fundamentals for Bitcoin remain strong, pointing to factors like increased mainstream adoption, growing institutional investment, and the asset's limited supply.

Notably, Lee's lofty $150,000 to $200,000 target for Bitcoin represents a potential upside of over 300% from current levels, underscoring his bullish long-term outlook for the leading cryptocurrency. This forecast aligns with the views of other prominent crypto influencers who see BTC hitting six figures in the not-too-distant future.

For risk-tolerant investors and crypto enthusiasts, Lee's latest statements could provide a source of encouragement amid the market turbulence. As the year draws to a close, all eyes will be on Bitcoin's performance, with the potential for a meteoric year-end surge fueling renewed optimism across the digital asset ecosystem.