Is Bitcoin the best crypto right now? That is the question that many crypto traders ask themselves at the beginning of the new year. According to Tom Lee, co-founder of Fundstrat Global Advisors, the answer to that question is an obvious “yes!”. However, the hedge fund manager points out that you should buy Bitcoin at the right time. This means that you now have to wait and see, because he believes that the bottom for the price of Bitcoin has not yet been reached. This is surprising because the price of BTC is currently at €93,000, almost 10% lower than in mid-December.
Predictions for Bitcoin from a hedge fund manager
Tom Lee's predictions are highly respected on Wall Street. He worked for 15 years as Chief Equity Strategist at JP Morgan & Chase. Additionally, as a lead researcher at Fundstrat, he was one of the first analysts to share formal research about Bitcoin with his client base.
In a recent survey by CNBC, a hedge fund manager said that the 10-15% correction we are currently seeing is completely normal for a volatile financial product such as Bitcoin. It also indicates that the movement of the price of Bitcoin is accompanied by the liquidity of the financial market in general. This is correct, as the stock market has had a difficult time recently.
Source: Google
A hedge fund manager predicts that the price of Bitcoin could fall further in the period. Personally, he believes that Bitcoin will touch the $70,000 price level before it starts rallying. That price point is not surprising at all. As we can see in the picture above, $70,000 is about the price level that Bitcoin used to reach. However, then this price point was a struggle. Tom's prediction is that this level will now serve as support for the price.
If the price breaks through this level, caused by the bad economic situation in the United States, it is expected that $50,000 will be the next point that Bitcoin could fall. This is also a historical price level that Bitcoin has met before.
Important dates for the Bitcoin price
The correction we are currently in is largely caused by negative economic data that has emerged recently. For example, the chairman of the US central bank expects not four but two interest rate cuts in 2025. This already caused the crypto and stock market to look for a downward trend at the end of December.
Last week, on January 7, the monthly JOLTS report was published. It was announced that the American economy had created more jobs than expected. That sounds positive, but it isn't. The American economy seems a little too strong right now. This increases the risk of a recurrence of inflation. This fact also created a negative feeling on the market in the last few days.
That's why the economic news coming out tomorrow on January 15th is so interesting to watch. The US Consumer Price Index (CPI) provides important insights into prices in the United States. This important inflation indicator largely determines the current inflation situation and whether the American FED will implement more or less interest rate cuts. So expect some volatility in the crypto market next Wednesday.
Best Crypto to Buy in 2025?
The fact that the crypto market is currently going through a correction does not mean that there are no more opportunities. In fact, for crypto traders with a long-term view, these are often the times to make the right move. Now you can buy a lot of coins at a discount. It will only be a matter of time before the best crypto, including Bitcoin, does another bull run to a higher price level.
However, in our opinion, Bitcoin is not the only coin with a lot of potential in 2025. For this you need to research a little harder and be aware of the best crypto presales. Presales are times when the best crypto is sold for the first time. So these coins are not yet available on major exchanges such as Coinbase. This means you can be the first to get involved and earn good money later, when the coin is available to the general public! Below we have listed three pre-sales with the greatest potential for you.
Wall Street Pepe – Favorite Crypto with meme potential
Coin success is a well-known meme in the crypto world. For example, let's take $PEPE, a meme coin that has already raised a market capitalization of $6.8 billion! But, what happens when you mix a meme base with the ability to actively make a lot of money? Then you will get Pepe Wall Streetmeme base like we've never seen before.
The goal of $WEPE is to actively encourage risky trading, as we saw in Wolf Of Wall Street. For example, you earn extra $WEPE if the community chooses your craft as the best trade! But that's not all. You don't trade just like that. Instead, coin developers in the secret community tell you when to buy the coin! This way you compete against, for example, the hedge fund manager from this article.
They then market the coin to the outside world, the price rises rapidly, and you sell part of your $WEPE again at a profit. This is how they manipulate the market to your advantage! The reason they are doing this is because they hate big crypto traders at $WPE. So this community exists to make small crypto traders like you and me richer. In the meantime, the presale has already raised $47 million so it will only be a matter of time before this community becomes a hit and makes you rich!
Solaxy – Beste layer-2 crypto
Memes are of course fun, but the crypto world benefits the most from projects that truly innovate the world of finance. He is happy Lights definitely such a medal! We are talking here about a layer-2 solution for the popular Solana network. Solana was the fastest growing network last year and managed to add at least 7600 projects!
The fact that Solana is so popular is because it is fast and cheap. That makes it perfect for creating meme coins. But there are also many DeFi applications that are built on this network. The problem, however, is that Solana also suffers from network congestion and failed transactions. As a result, many DeFi developers will face problems.
Solaxy solves these problems. Since it also uses the Ethereum network, this network is fast, cheap and does not suffer from network congestion or failed transactions. The result: this is the network for DeFi applications. So it will only be a matter of time before DeFi developers move to this network.
This will have a positive impact on the price of $SOLX, the native token of the platform. After all, the more applications use $SOLX, the higher the demand for $SOLX, the faster the price will rise. So it's time to be a part of a unique layer-2 solution that will modernize the landscape of decentralized finance.
Best Wallet – Best Crypto Ecosystem
The crypto ecosystem they are contributing to Best Wallet development is impressive. Here you will find a crypto wallet, a decentralized exchange and a debit card with 8% cashback. This way you can safely manage your coins, buy new coins or exchange them, and spend them.
Best Wallet's goal is to capture 40% of the crypto wallet market by 2026. They have achieved this. They currently have hundreds of thousands of users on iOS and Android. Anyway, how can you benefit from this growth?
By including $ BEST in your package! $BEST is the native token of the Best Wallet platform. This coin gives you several benefits. This gives you lower transaction costs and access to a large number of exclusive pre-sales. In addition, you can take the coin for a return of 265% annually! The more people use Best Wallet, the faster the $BEST price will rise. So now is the time to get in!
