Bitcoin and Ethereum to $250,000? Here's Why Tom Lee Just Gave His Most Bullish Predictions Yet

Core Viewpoint - Tom Lee, co-founder of Fundstrat and chairman of Bitmine, has made highly bullish predictions for Bitcoin and Ethereum, forecasting Bitcoin could reach between $200,000 and $250,000 by 2026, with Ethereum potentially experiencing similar gains [1][3]. Group 1: Bitcoin Predictions - Lee suggests that Bitcoin's next major rally may break the traditional four-year halving cycle, which has historically been followed by significant price declines [3]. - He acknowledges that under the classic cycle framework, Bitcoin "should be down this year," but believes recent developments have significantly changed the outlook [3]. - Key drivers for Bitcoin's potential rise include ongoing institutional adoption, the development of blockchain-based products by Wall Street, and increasing support from the U.S. government [4]. Group 2: Market Dynamics - Lee notes that gold rallies often precede Bitcoin rallies, suggesting that the recent performance of gold is beneficial for Bitcoin [5]. - He highlights that certain macroeconomic indicators, such as the copper-to-gold price ratio, have historically aligned with Bitcoin price increases, even if the reasons are not fully understood [5]. Group 3: Ethereum Outlook - Lee expresses a similarly bullish stance on Ethereum, indicating that its performance relative to Bitcoin is crucial for its potential upside [6][8]. - He emphasizes that the price ratio of Ethereum to Bitcoin is a key metric to monitor for future price movements [8].