Tom Lee Softens His $250,000 Year-End Bitcoin Forecast, Still Sees Record High as 'Possible'

Tom Lee, Chairman of BitMine Immersion Technologies, appeared on a CNBC program on the 27th, where he detailed the largest liquidation event in Bitcoin (BTC) history that occurred in October.

According to him, the sharp drop on October 10th reduced approximately 2 million accounts to zero, forcing many market makers out of business.

Despite such market turmoil, Lee remains optimistic, stating that the likelihood of Bitcoin surpassing $100,000 (about 15 million yen) by the end of the year is 'very high,' and also mentioned that updating the historical high is 'possible.'

However, this forecast is...