Tom Lee Predicts Bitcoin Could Reach New All-Time High by January 2026

Fundstrat co-founder Tom Lee predicts that Bitcoin could hit a new all-time high as early as January 2026.

Speaking in a CNBC interview, Lee said that despite the recent drops in Bitcoin’s price and concerns that the bull run is over, the overall market trend is still positive. He noted that while a new high in December is unlikely, Bitcoin is still on track for January, with the potential to rise above $100,000 before year-end and then challenge the October peak near $125,000 shortly afterwards.

Lee explained that concerns over tighter global market policies caused the price drop at the end of last month. He added that the Bank of Japan’s hawkish stance added downward pressure on financial markets, including cryptocurrencies. 

Additionally, experts such as Peter Brandt have warned that Bitcoin could drop further to $58,000 if the downward pressure continues, but Lee emphasised that this doesn’t affect Bitcoin’s long-term outlook.

Kevin Hasset’s Potential Fed Appointment Could Boost Bitcoin

According to new odds from Kalshi, Kevin Hasset is the frontrunner to become the next Fed Chair and has indicated he is ready to take the position, making his nomination more likely.

Hasset’s strong connection to crypto including owning millions in Coinbase stock, participating in the White House Digital Asset Working Group and recognizing crypto’s role in the future economy, have led market observers to believe that if he is appointed, it could lead to friendlier crypto policies, faster rate cuts, and looser financial conditions, which would weaken the dollar and boost interest in risk assets.

This is particularly important for Bitcoin, whose price responds to changes in interest rate expectations, as shown when a recent sharp crypto market downturn wiped out gains driven by earlier optimism over Fed rate cuts.