Bitcoin is set to a powerful fourth quarter rally, and encourages bullish sentiment, where market momentum and bullish sentiment are driving boldly at a price of $200,000 by the end of the year.
According to FundStrat’s Tom Lee, 200k bitcoin will be possible by the end of the year
As Bitcoin’s year-end prospects become increasingly optimistic, bullish narratives are gaining traction in the cryptocurrency market. Supporters point to the favourable financial conditions and the history of Bitcoin’s powerful fourth quarter rally as the reasons why digital assets can benefit a large group. This momentum is seen by many as a potential catalyst for risk assets ahead of the Federal Reserve Sept. 17 meeting.
Tom Lee, research director at Fundstrat Global Advisors and Chief Investment Officer at Fundstrat Capital, expressed his outlook in a CNBC interview last week. He highlighted the link between crypto and monetary policy, saying: “Bitcoin and cryptocurrencies like Ethereum are very sensitive to monetary policy. So I think September 17 is an important catalyst. He added:
So I think Bitcoin can easily reach $200,000 by the end of the year. I know it’s a big move. It’s almost double.
When asked directly whether BTC could hit $200,000 by Christmas, Lee asserted: “Yes. One of the reasons why Bitcoin stalled this year is that the Fed has been suspended for nine months. It will be suspended all year round. He stressed that “crypto is a beta to stocks,” he concluded.
So I think it’s going to be a very strong fourth quarter.
Not all observers share this outlook. Economist Peter Schiff opposed the prediction in a post on social media platform X, claiming: Schiff’s position reflects a wider camp of skeptics questioning Bitcoin’s ability to maintain profits in the face of volatility and structural risk. Supporters of Lee’s position say that the historic performance that eases the cycle and the trend of coins rising along with stocks make the upward case attractive even in the face of skepticism.