Tom Lee Sticks With $250K Bitcoin Call as Others Scale Back
Main Idea
Analysts predict Bitcoin could reach $250,000 by 2025, while IREN Ltd outperformed MARA in Bitcoin mining and expanded into AI cloud services, boosting its stock performance.
Key Points
1. Fundstrat's Tom Lee predicts Bitcoin could hit $250,000 by the end of 2025, with other analysts like Arthur Hayes and Joe Burnett also offering bullish targets.
2. IREN Ltd mined 728 Bitcoin in July, surpassing MARA's 703 BTC despite having a smaller hashrate, and saw its stock rally 11.4%.
3. IREN's revenue included $2.3 million from its AI cloud business, leveraging NVIDIA's Blackwell GPUs, highlighting its diversification strategy.
4. MARA Holdings reported a 64% year-on-year revenue increase to $238 million in Q2 and holds 50,000 BTC, the second-largest corporate Bitcoin treasury.
5. IREN's stock surged over 227% since April, defying earlier skepticism about its valuation and AI ambitions.
Description
On the Coin Stories podcast, Lee shared that he is confident that institutional adoption will drive the next major rally, with a target range of $200,000 to $250,000. Other analysts, including Arthur Hayes and Joe Burnett, also have optimistic targets, while firms like Bernstein and Standard Chartered expect more modest gains around $200,000. Meanwhile, IREN Ltd outperformed industry heavyweight MARA in July by mining more Bitcoin despite having a smaller hashrate. The mining firm also saw its s...
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