Expert claims bitcoin will reach $250,000 by 2025

The price of Bitcoin could reach $250,000 by 2025. This was stated by Tom Lee, co-founder of the analytical firm Fundstrat, during a CNBC broadcast.

The expert noted that the price of Bitcoin will follow halving cycles, which indicate a level of $250,000, but there are additional factors, including the prospect of creating a national Bitcoin reserve in the U.S.

Lee pointed out that bitcoin has borne a huge regulatory burden over the past few years. He also noticed people now have a White House that is friendly to digital assets, new chairs at the SEC and FTC, and a new Secretary of Commerce.

In turn, Cardano founder Charles Hoskinson commented that Bitcoin will reach a price of $250,000 to $500,000 within the next two years amid an influx of investments.