Bitcoin price could hit a new high in January, says Tom Lee on Fed News – Blockonomi

Bitcoin price could hit a new high in January, says Tom Lee on Fed News – Blockonomi

2 minutes, 38 seconds Read

TLDR

  • Tom Lee predicts that Bitcoin could hit a new all-time high in January 2026 due to shifting policy and leadership changes at the Federal Reserve.
  • Lee remains confident that Bitcoin’s bullish trend will continue in the long term, despite recent price swings and global market concerns.
  • The possible appointment of Kevin Hassett as Fed chairman could create a more favorable environment for cryptocurrencies such as Bitcoin.
  • Lee expects Bitcoin to surpass $100,000 before the end of the year and surpass the October 2024 peak in the coming months.
  • Experts including Benjamin Cowen suggest that Bitcoin’s price may fall temporarily before a strong rebound in January 2026.

Fundstrat’s Tom Lee believes Bitcoin could hit a new all-time high in January 2026. Lee’s prediction follows growing expectations of a policy shift within the Federal Reserve. The potential change in leadership, with Kevin Hassett gaining momentum to replace Jerome Powell, adds to the positive outlook for Bitcoin.

Lee claims that despite recent price declines, Bitcoin’s long-term trend remains bullish. He explained that Bitcoin’s price drop late last month was due to concerns about a tightening of global market policy. The Bank of Japan’s aggressive stance further impacted global financial markets, including the crypto space.

While some experts, such as Peter Brandt, predict that Bitcoin could fall to $58,000, Lee remains optimistic. He emphasized that these short-term fluctuations do not affect Bitcoin’s long-term prospects. According to Lee, Bitcoin is poised to start the new year strong, with the potential to reach new heights.

Bitcoin Price Prediction: Lee’s Take on January’s Rally

Tom Lee continues to project a strong recovery for Bitcoin. He believes the cryptocurrency could surpass $100,000 before the end of the year and break the October peak of $125,000. While he acknowledges that December may not see a new high, Lee sees January as a realistic target for a record price.

Lee explained that Bitcoin’s price is sensitive to global policy shifts, especially regarding interest rates. He pointed out that the cryptocurrency often reacts to changes in expectations surrounding the Federal Reserve’s rate cuts. A friendlier policy environment under Kevin Hassett, who will likely replace Jerome Powell, could push Bitcoin’s price up even further.

Experts view the possible appointment of Kevin Hassett as a positive sign for cryptocurrencies. If he becomes the new Fed chairman, it is expected that he will adopt a more crypto-friendly stance. This policy change could result in interest rate cuts, which would soften the dollar and increase interest in risky assets like Bitcoin.

Political Shifts and the Future of Bitcoin

The possible appointment of Kevin Hassett as chairman of the Federal Reserve has raised hopes for a more supportive environment for cryptocurrencies. Lee views Hassett’s views on monetary policy as beneficial to Bitcoin’s growth. While the market awaits further developments, Bitcoin’s price could benefit from the expected policy changes.

In the short term, Bitcoin’s price could see volatility, mainly due to the Fed’s interest rate decisions. Benjamin Cowen, another expert, has pointed to a similar pattern in 2024, when Bitcoin fell significantly after an interest rate cut. He suggests that Bitcoin could hit a new low around mid-December and then recover in January.

#Bitcoin #price #hit #high #January #Tom #Lee #Fed #News #Blockonomi

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *