Crypto Daily|Tom Lee Cuts Bitcoin Price Prediction to $100K; Strategy Says Even a Bitcoin Crash to $25,000 Wouldn’t Break Its Balance Sheet

Tiger Newspress
11/28

Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

Crypto News

Do Kwon Says Five Years in Prison Enough for Terra Crypto Fraud

Terraform Labs Pte. co-founder Do Kwon says he should get no more than five years in prison in the US for his role in a fraud tied to the $40 billion collapse of the TerraUSD stablecoin in 2022.

Kwon pleaded guilty in August to conspiracy and wire fraud and averted a trial after he was extradited to the US from Montenegro, where he’d been arrested and convicted of using a phony passport while a fugitive from charges in his native South Korea.

Tom Lee Cuts Bitcoin Price Prediction to $100K

Veteran crypto analyst Tom Lee has scaled back his typically bullish forecast for Bitcoin to end the year at $250,000, saying he now expects the BTC to finish at a price “above $100,000.”

The analyst’s shift in tone comes as he also argues that rising gold purchases by stablecoin issuers are helping establish a higher long-term price floor for Bitcoin.

Strategy Says Even a Bitcoin Crash to $25,000 Wouldn’t Break Its Balance Sheet

Strategy (formerly MicroStrategy) has confirmed that its assets-to-debt collateral ratio would remain at 2.0x, even if Bitcoin (BTC) fell to $25,000, far below its $74,000 average purchase price.

This comes as the company’s stock has declined by 49% and faces the possibility of exclusion from MSCI indices, with a decision expected by January 2026.

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