Tom Lee maintains a bullish view, predicting that Bitcoin will rise to $200,000 by the end of January next year.

According to Bloomberg, Tom Lee, co-founder of Fundstrat Global Advisors, reiterated his bullish view, and his team confirmed that despite the recent market downturn, he still expects Bitcoin to rebound to between $150,000 and $200,000 by the end of January next year.

Tom Lee is known for his bold and optimistic market predictions. He previously predicted that Bitcoin would reach $3 million by 2030.

He believes that the long-term power of retail investors will continue to drive the market higher. He stated that those who failed to maintain a bullish view over the past decade "have consistently been wrong."

Tom Lee's BitMine Immersion Technologies Inc. currently holds approximately $12 billion worth of Ether, representing about 3% of the total supply of the world's second-largest digital asset. However, with Ether falling about 40% from its August high, BitMine Immersion Technologies Inc.'s stock price has dropped about 50% in the past three months, and the company is facing significant paper losses.