Early this morning, Bitcoin (available on Coinbase) (BTC) jumped by $1,000 in just one hour and the crypto bulls are coming in hot now. One crypto bull, in particular, Wall Street analyst Thomas Lee, believes that Bitcoin (available on Coinbase) could rise to as high as $25,000, reports CNBC.
Lee told Futures Now that “We still feel pretty confident that Bitcoin (available on Coinbase) is a great risk-reward and we think it could reach $25,000 by the end of the year.”
Lee, co-founder and head of research at Fundstrat, was noted earlier in stating that the U.S. tax season would cause a mass crypto selloff. By now, with taxes due April 17th, he says that much of the selling pressure has begun to ease off. (Could this be another reason for the crypto market green that we’re seeing today?)