Tom Lee predicts Bitcoin’s vulnerability to 50% drops despite Wall Street’s affection

Tom Lee from BitMine emphasized that despite Wall Street’s growing interest, Bitcoin (BTC) remains at risk of significant downturns, possibly losing up to 50% of its value. He forecasts the price could reach between 200,000 USD and 250,000 USD by year’s end.

Lee noted that Bitcoin has historically mirrored stock market trends and expressed concern that its typical four-year cycle might be evolving, with potential for prolonged price movements away from the usual peaks.