PANews reported on November 27th that, according to Cointelegraph, BitMine Chairman Tom Lee appears to have abandoned his widely publicized prediction that Bitcoin would reach $250,000 by the end of the year. He now only states that Bitcoin "might" return to its all-time high of $125,100 reached in October before the end of the year. In an interview with CNBC on Wednesday, Lee said, "I think there's still a good chance that Bitcoin will break $100,000 by the end of the year, and it might even reach a new high."

This appears to be the first time Lee has publicly downplayed his goal of "Bitcoin price reaching $250,000 by the end of the year," a goal he proposed in early 2024 and continued to reiterate in early October.