Bitcoin Could Surge Past $250,000, Says Tom Lee Citing BTC Halving Cycles And US Government Adoption

Fundstrat‘s head of research Tom Lee reiterates his forecast that Bitcoin (CRYPTO: BTC) could surge beyond $250,000 within the next 12 months, citing cryptocurrency halving cycles and potential government adoption as key drivers.

What Happened: Lee points to Bitcoin’s recent halving event, which reduced the new supply of tokens, as a crucial factor supporting price momentum. “The sweet spot for price gains, as the supply is cut, typically starts toward the end of this year and continues into next year,” Lee said in a recent interview with Former White House Communications Director Anthony Scaramucci.

The prediction comes as Bitcoin has already demonstrated significant growth in 2024, gaining 121% and breaking past the $100,000 mark. The cryptocurrency market’s total capitalization has …

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