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Bitcoin Is Going To $25,000 By Year End: Tom Lee

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Bitcoin bull Tom Lee, Fundstrat, still believes the cryptocurrency will hit $25K by the end of this year. With CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Steve Grasso, Karen Finerman and Tim Seymour. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Bitcoin Is Going To $25,000 By Year End: Tom Lee | CNBC
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Text Comments (111)
Samsung snapdragon 835 (7 days ago)
Less than 3 weeks before 2019,bitcoin is at 3.5k now way they will hit 25k that would need 500 billions pump into bitcoin, those who make money early will not put back in cause they know its a pump and dump game
Wise Trader (10 days ago)
From his face, looks like he put all his money in it at the highs and hoping that his bitcoin investment would make a return instead of crashing day by day, good luck tommy
Noy noy Cho (10 days ago)
Good old Tom lee. It’s December and bitcoin is now $3800.
Samsung snapdragon 835 (7 days ago)
I think he meant 2.5k, he forgot the.
Mike Diggler (12 days ago)
Stay away from COINBASE. MULTIPLE CLASS ACTION SUITS FILED FOR INSIDER TRADING. THEY WILL OVER CHARGE
MASTER BLASTER (16 days ago)
Bitcoin wipeout - A lot of people got hurt bad from this scam $$$$$$$$$$$$$$$$$$$$$$$$$$$$ bye bye
Shadow Cappi (24 days ago)
Tom LEE. Is the 2nd coming of John Pumpafee! Why do they even interview him on CNBC! He made another prediction Nov 16,2018!!! And lost again 6,450 November 16,2018. Now November 19,2018. At 4:30 pm Est. time. It is 4,845!!!!!!!!!!! Get these paid pumpers off CNBC. Tom LEE knows nothing. He is like John Mcafee!
Puru saxena (29 days ago)
Bitcoin just tanked to under $6,000 and is heading much lower. The crypto bubble fueled by free money has popped.
Lee Edison (1 month ago)
25,000?? this joker. how about $2,500
Mikhel Brown (2 months ago)
Today is Sat, Oct 6 2018 and Bitcoin is still trading around *$6,500* ... Meaning Tom Lee was right and still is..
Samsung snapdragon 835 (11 days ago)
Mikhel Brown low 3k now
Jeff Linke (3 months ago)
When btc becomes unprofitable to mine - is when the Sh*t hits the fan.
QueenOfCryptoIsland (2 months ago)
😁 BTC 13Rj5tdi7GKQYNHT2dfqHzrFrxYwc2HZjM
Coen Kraai (4 months ago)
ALQO!
idong etim (5 months ago)
I see bitcoin with an infinite eye moving up to $20000 and when it get to this price, it will act like it wanna go down , after it will move to $50000 and stay a while and move again to $100000 . this is what I saw with the infinite eye. Dont be angry !! Dont insult me!!! Just write it down keep watching , keep counting, and watching this happening ..........
fowl raven (7 days ago)
WRONG!!!!!
QueenOfCryptoIsland (2 months ago)
brown eye lol 😊 BTC Address 13Rj5tdi7GKQYNHT2dfqHzrFrxYwc2HZjM
AthenaSaints (5 months ago)
I also like TurdCoin and CrapCoin. Both will go to 1 million in the next 6 months.
NickSal310 (5 months ago)
This guy will probably go down as one of the biggest shills in history, funny how CNBC is totally in ok it too.
Adam G (5 months ago)
If mining cost (also the cost of processing transactions) is higher than the current value, it implies that Bitcoin is not efficient processing transactions. This is an argument for it to go to zero, not 20k+. What am I missing?
swave158 (4 months ago)
What you are missing is that this is gambling, and sometimes assets will go on "Tilt", you are being to logical. People are get caught just like at a poker table or craps table and spend all their money until they are broke. Sorry you are in the wrong business.
Andres Perez (5 months ago)
No use in speculation, this is crypto, predictions mean nothing other than a wild desperate guess. You only really know when it happens, until then you’re just wondering in the dark with no clue whatsoever. I will enjoy coming back within a few years to mock all the people trash talking bitcoin though :)
Daniel Jackson (5 months ago)
Really?
politicalsheepdog (5 months ago)
Bitcoin and all the other Cryptos have a pattern of an upswing in November and December then going down in value in Jan, Feb March, April, May and then going up a little in the Summer months to peak again in November and December. As far as I'm concerned, there is nothing to worry about unless Cryptos tanks in November and December.
Rodrigo Araujo (5 months ago)
Bitcoin maximalist
Sean Louis (5 months ago)
Hahahahahaha
studi0z (5 months ago)
Trump's Economic War will make BTC moon again soon ! 20K+ by the end of the year , don't forget the block reward halving in ~May 2020
Summer Snow (5 months ago)
Secret of making predictions is to make lots of them. The more bizarre the better. Bcos no one will remember how many times you got it wrong but if you get it right just once by pure luck, you can claim you foresaw the inevitable. You will write books, sell seminars, give interviews and go on CNBC to proclaim your prowess of seeing the future. Make your millions and go on to predict something else. Great upsides with little downsides. Why not?
Ken Free (5 months ago)
Tom Lee is an ignorant gambler. He just pulls random Price target out of his azz. Bitcoin is a Pyramid Scheme, and this moron is trying to mislead people because he got trapped in this scam!
Low C C (5 months ago)
fake money , good to dream.
Jake Swindall (5 months ago)
If you can buy stuff with it.. then it's real bro
Alek - Bike (5 months ago)
right, and the USD is real? what is real? what is the USD backed by? Think then speak.
HaliWho (5 months ago)
thank CNBC... i will put all my saving to buy bitcoin...end of year will get rich ^^
iTuber012 (5 months ago)
Folks, the Stock Market AND the Crypto Currency markets are DOWN which means we should be buying as much as we can right now! It's Black Friday to build wealth. Crypto especially will bounce back very well soon but of course we should be buying from both the Stock Market and the crypto markets. ROBINHOOD announced they are now adding Crypto trading for FREE in February! Signup with my link below and Robinhood will give you 1 share of a company for FREE! http://share.robinhood.com/ronaldb5 Too late for Bitcoin, buy Ripple XRP, Litecoin, Lisk(LSK), OmiseGo(OMG), Stratis(STRAT), and Stellar Lumens XLM coins. To invest in the blockhain technology itself, look at $IBM When I first started dabbling in Cryptos, I got my feet wet with an app called Coinbase (the most user friendly to use for a beginner). You simply connect your bank account with Coinbase to start buying and selling Bitcoin and other cryptos, which you can send to anyone in the world just like you would an email. It’s free to create a Coinbase digital wallet, plus you can get $10 worth of BTC for free if you use my link below! https://www.coinbase.com/join/591a24ce64a015071bf549c7 But if cryptos aren't your thing, and you'd like to become rich fast you should start a business! If you can't start a business, you should at least be saving money to leave to the next generation. i save for retirement and other goals through automation. Automation is like passive saving. it just happens and i don't have to do anything! I use an app called Acorns. It automatically takes small amounts money out of your account here and there and invests it into a broad holding of stocks via Vanguard(You'll get $5 to start through Acorns if you use this invite as well: https://acorns.com/invite/UJ56L6 ) An app called Digit is good as well! Just set it and forget it! I also buy publicly traded companies via an app called Robinhood. it is FREE to buy shares!
hoastbeef (5 months ago)
One day, there will come a point where ur average Joe will not be able to afford a full BTC. Don't be that average Joe.
Qhute Teo III (5 months ago)
I told everyone I could not invest in BTC at its current price - not that I was a hater just that I was tired of loosing, I bought at 13k at a high price and it kept on dropping, it had me regretting until someone on Altcoin Buzz channel, Recommended us to reach out to a man named *Robert* *Wells* who has made a great impact in teaching young crypto investors an Almighty Strategy to trade their Bitcoins, Its just 5months since I reached out to Him, I can Proudly boast of increasing my Portfolio from *8Btc* to *43Btc* . Y'all can reach out to him through His *TELEGRAM* *+1(631)620-6929*, *HANGOUTS* and *Skype/Mail * *(Robertwells005@gmail.com)*
Brandon Conwells (5 months ago)
The sound is really soft :(
Olurin Opeyemi (5 months ago)
Looks like another bull trap to me, as much as I would like to see it go up.
Timothy Jay Tee (5 months ago)
Robert is the Real DEAL
16Gym (5 months ago)
Tom has great fundamental knowledge about crypto, but lacks knowledge about market cycles, trading and investing.
80sruler (5 months ago)
You can’t use mining costs because it varies around the globe and, unlike oil and gold, you don’t need to mine in a specific place you can move your equipment to a cheaper power source
Christianity Boxing Mafia (5 months ago)
Bitcoin is a worthless pyramid scheme do not buy it!!
Alek - Bike (5 months ago)
lol based on what? go educate yourself you pleb.
Anton Godijn (5 months ago)
Christianity Boxing Mafia isnt it for stacking cash
Robert Feather (5 months ago)
How does someone so unintelligent get airtime??
* * (5 months ago)
You can't base btc value on mining cost. It just means people are wasting their money...
yin ng (5 months ago)
They guy must bought lots of Bitcoin at not that cheap prices
ege (5 months ago)
50k eoy🚀🚀🚀🚀
Charlie Lee (5 months ago)
In the near future only digital currencies would exist. People will live on digital currencies in their daily lives they will earn in different currencies blockchain will be our future It could take 5 to 10 years its very similar to a smartphone vs traditional phone We have to realise it but even if we realise this late still we will make money... Cuz this will forever grow like a tree.. The future space exploration would be great with cryptos but future is dark with fiat currencies the world needed blockchain. nobody really could see the future but some individuals did and one of them was satoshi nakamoto We are still very early in this space but imagine how traditional phones are wiped off nobody really uses in their daily life and the one who use it chances are other recipient isn't using the same technology. We have to accept the brighter future the kids will have a great future the cheaper things the luxuries we wil have with little money would be much much better then life now.. The future is still hasn't come yet
Jason Alerts (5 months ago)
I think he must be on crystal meth lol bitcoin is going to zero. only reason it has not died yet is because drug dealers and scammers use it to clean their dirty money!
Adam Sarhan (1 month ago)
i would delete this comment because you are gonna get embarrassed bad and apparently you dont understand what is block chain and what your talking about go learn more about them and understand that its literally untouchable unstoppable when are you noobs gonna get it peace out
Ryan Houston (5 months ago)
yeah. i remember pablo escobar used btc to launder all his drug money😂😂
Andres Perez (5 months ago)
Jason Alerts Drug dealers and scammers use USD more than any other currency. Does this make USD a bubble?
Andres Perez (5 months ago)
Jason Alerts You do realize it’s actually impossible for bitcoin to go to zero, right? Even bitconnect, a huge scamming failure current price is still above that of its ico price.
Ricky Iestyn (5 months ago)
Jason Alerts and what are the kind of money traded by drug dealers? So u think drug dealing wont be there anytime soon or decreasing?
Hayden Lyons (5 months ago)
We need bullishness not bearishness, I lost over $20 investing in cryptocurrency
Mike OZ (5 months ago)
Lee needs to FIRE his current village gypsy consultant & hire a new one!
chicagoelectricbicyc (5 months ago)
Then why has bitcoin crashed -70% YTD? Charts look horrible.
acquired immunity (5 months ago)
More like: bitcoin to 1 USD by the end of the year
acquired immunity (4 months ago)
Woah Bandicoot “more smarter”....I’ll leave it at that. Hahah hey if you bought in bitcoin that early at 14 too lmao (sure) I bought into facebooks and Netflix IPO and am now a millionaire hahah wow making stuff up for the internet is so easy
Andres Perez (4 months ago)
acquired immunity Keep wasting your time writing some of the most nonsensical comments because you’re so butt hurt a teenager with a pfp of crash bandicoot is more smarter than you being you didn’t have the brain power to buy in 2017. As it is I knew about bitcoin when it was $600 when I was 14, yet didn’t care or take action until it was worth $1000 to actually get involved. It must hurt knowing how much you lost out on... try making a 17x on a investment anywhere else without using Ripple within just a year. You missed out big time :( It doesn’t matter anyways because either way when I comment back in year I’ll be having the last laugh. As it is you already feel threatened enough to try to play the fact I bought in 2017 off. Lol, at least you gained a solid %3 on your invested money with your bank.
acquired immunity (4 months ago)
Woah Bandicoot right....sure you bought at that time man. Everyone believes you on that one, a guy with crash bandicoot as his picture lmao. This guy definitely bought into the hype and actually bought in Jan 2018. They new buyers are all gone because everyone sees it’s a scam and corrupt and the crypto market is prime for being taken advantage of. But yea keep buying in my man but don’t blame me if you lose everything. Best of luck to you
Andres Perez (4 months ago)
acquired immunity That’s an idiotic assumption being the reason why I believe in bitcoin in first place is because it’s still up %300 from when I first bought it in January of 2017. I still got 3x my amount even at bitcoins lowest point, yet you people scream “It’s a bubble, it’s lost %50+ of value” yet completely ignore the fact of how much higher it is from last years point in time. I know once bitcoin and other cryptocurrencies start their run again you’ll buy at an all time high because you don’t want to be left out, then once it corrects and prices fall you’ll sell at a deficit. You were too slow, but I wasn’t, which was why I got to see my ripple investment jump %1700. Looks like someone’s jealous they couldn’t join sooner. It’ll be fun laughing in your face though, because you people been screaming “it’s a bubble” for 7 years now ever since it was worth $50 and you guys were always proven wrong, what a joke lol. Set my calendar for July 10th, I look forward to messaging you again to see how much higher bitcoin’s price would go.
acquired immunity (5 months ago)
i hope you do sir. Unfortunately foy you, you wont be doing that seeing as Bitcoin will be way down by the end of the year​. I bet you were one of the guys who bought in at 18,000 right? ahahahhahahahahahahahahaha
Father Finger (5 months ago)
the Asian chick speaks like sucking a pacifier
Adrian Havill (5 months ago)
Don't mess with Melissa!
ponder2006 (5 months ago)
His argument for 25K is laughable a stupid joke. He actually thinks BTC will follow historical trends when he has no idea who the buyers are. The old retail investors are not coming back, there are no new buyers coming in. Sounds like he is trying to cover his loss.
Wise Trader (10 days ago)
RIP btc 🤣
Kyle V (5 months ago)
ponder2006 and you sound like every doubter since 2009. Go read some of the old threads on Reddit. Your comment has literally been said every year
Yacobus Fitri (5 months ago)
Trump will become president for life. Should I believe?
Leo Puspito (5 months ago)
Yacobus Fitri up gan
Abarnare (5 months ago)
BUY KIN
LongTermCap (5 months ago)
"the psychologically important level of 6k" omg. Humans are so irrational it's mind boggling.
Josh Hillard (5 months ago)
Just to clarify, it only dropped below $6k for about 12 hours, then it jumped back above $6k. Most likely caused by people panic selling once the price got close to $6k, but besides that BTC has held good stability in the $6-6.5k region for now. Just needs more liquidity to come into the market.
Mark Stewart (5 months ago)
just about the most annoying broadcasters ever!..barely a full brain between either of them
Nayan (5 months ago)
Nobody cares about bitcoin anymore
Aklar_45 (5 months ago)
So much bearishness
Xplocial OnlineNetworking (5 months ago)
I saw this last night LOL he didn’t say it will he said it could anything could you could say could reach 100,000.... his words , it’s in a special interest. Saying such a thing is just crazy we are already halfway through the year it’s not going to reach 25,000 something huge would have to happen
James Brown (5 months ago)
It all hinges on the speed of US regulations on crypto exchanges, IMO. Once the problem of insurance on crypto investments is sufficiently solved and the how, what, and who to report exchanges with is codified in law, the big institutional monies will FINALLY be able to drop a few pennies into this new market, and by "few pennies" I mean a small percent of their total investment capital, and by "small percent" I mean to say hundreds of billions, if not trillions, of dollars. And, if that happens before December of this year, I wouldn't bet against bitcoin making new highs. The institutional money phase of new tech markets is generally the most explosive price movement, both in terms of quickness and price appreciation. Even should bitcoin be trading around $2,500 to $3,000 like a lot of people predict, say, sometime around late November, I still would expect that it trades north of $20,000 by the end of December if only one of the "big dogs" enters the scene. Let's not forget that the big players know better than most how the psychological phases work with bubbles and they especially know to buy low and sell high. They know that they have enough powder to start a new bull run with just a relatively small buy for them, then they can sit back for a while before deciding to sell out at huge profits, which is exactly what they'll do. The question is: how many giant hedge funds are going to be competing for bitcoin's insanely small supply? It could be that the last of the instutions that buy in will be doing so above the current all-time-high and the sell-off may start many multiples higher, like, say $100,000, or who knows.
Johnny Blue (5 months ago)
Bit coin will rise to $25,000? This guy is willing to bet YOUR money that it will.
Will Ringer (5 months ago)
“Pumap it”
Ross Lee (5 months ago)
Fraudddd!! lol
Minh Do (5 months ago)
“Last year bitcoin was at 2000, and it went to 20,000. This year it’s 6500, so by my calculations by Christmas bitcoin will be at 65,000.” -Tommy lee
QueenOfCryptoIsland (2 months ago)
lol
Ovidiu Mihai (5 months ago)
I hope so but this much expectations would comfort a child, i think this speculations work against it.
Robert (5 months ago)
he didn't even say that.
Ob_s e r_veR (5 months ago)
ODYSSEY is the most perspective coin of 2018!!! Buy it, my dear while the getting is good! If you have no money, receive them in the airdrop best-airdrops.site/free/odyssey everyone has to have this coin! It will make 10 X-es!
bigbabyzubas (5 months ago)
Bitcoin....is al algorythm. And that algorythm....cashes out. You either wait for the next algorythm, or you sell out and stop playing the bitcoin game. Its easier to mine than trade. But not as profitable as doing both is.
Alek - Bike (5 months ago)
always do both.
Владимир Абрамов (5 months ago)
Did all of you manage to participate in ZILLIQA airdrop www.mytokens.site/zil/ref4322 ?
Cypherpunk (5 months ago)
We are most likely going to see btc under 6k again. No bull run. Everyone chill.
Matthew Young (5 months ago)
Well there goes all tom Lee's credibility
G T (5 months ago)
This guy has been all over with his predictions all year. Don’t listen to these clowns.
CoolxGuy36 (5 months ago)
Gaurang Tanna So who should we listen to buddy?
youjustgotowendbyme (5 months ago)
Pump & dump
QueenOfCryptoIsland (2 months ago)
😁
QueenOfCryptoIsland (2 months ago)
lol potty mouth
Jamal baker (5 months ago)
Description of your mother?
Pedophile (5 months ago)
Trump is planning a global currency reset with bitcoin
Poker logic-games (5 months ago)
www.best-airdrops.info/zilliqa/distribution What do you say about free distribution of ZILLIQA tokens? I consider this is a long-run coin)
Светлана Чиркова (5 months ago)
You mentioned ODYSSEY. Cool token! Pay attention to their free tokens distribution on tokenairdrop.site/crypto/odyssey
Gene Dexter (5 months ago)
Interesting.