Summary
- Tom Lee stated that Bitcoin could fall to $70,000.
- Bitcoin has the potential to record high returns this year, but there are short-term risks of decreased liquidity and large-scale liquidations.
- He mentioned that February is not a suitable time for Bitcoin's rise, advising investors to be cautious.
There is a claim that Bitcoin (BTC) could drop to as low as $70,000.
On the 2nd (local time), Tom Lee, founder of Fundstrat, stated in an interview with CNBC that "Bitcoin is one of the assets that will record the highest returns this year," but also mentioned, "Bitcoin could drop to $70,000 before rebounding." He continued, "Bitcoin still falls under risky assets, and February may not be a good time for a rise," adding that "market liquidity will decrease due to tariff impacts, and if large-scale liquidations occur, it will suffer a significant blow."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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