The co-founder and director of the research department of Fundstrat Global Advisors said that in 2025 Bitcoin will overcome the $250,000 mark. The expert named a reduction in the supply of coins as the main factor that has the maximum impact on the price of the asset.

Tom Lee (Tom Lee) believes that Bitcoin has entered the most favorable phase of the bullish cycle:

“We are now entering a period when the reduction in supply begins to have the maximum impact on the price of the asset. That is why we expected growth to $100,000, and over the next 12 months it is quite possible to overcome the $250,000 level.”

According to the businessman, an additional factor that has a positive impact on the quotes of the first cryptocurrency will be the influx of new investments from large companies. The new White House administration could have a significant impact on strengthening the position of Bitcoin on a global scale if it begins to accumulate it in a strategic reserve, the expert added:

“It’s like the company’s strategy MicroStrategywhich has proven that using Bitcoin as an on-balance sheet asset creates significant value for shareholders.”

Bitcoin price movements are historically associated with halving cycles, and one can be sure that the cryptocurrency will show a new all-time high, the analyst emphasized.

Earlier, David Puell, an expert at the investment company Ark Invest, indicated that Bitcoin is now in a respite stage before the level of $100,000. According to Puell, by the beginning of January the cost of the first cryptocurrency will exceed $104,000.