 ▲ Bitcoin (BTC) / ChatGPT-generated image © |
As fears of a third world war spread amid escalating tensions in the Middle East, a provocative forecast from a Wall Street bull suggests that major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and XRP (Ripple) will stage a strong rebound in March.
According to crypto-focused outlet CCN on March 4 (local time), Fundstrat co-founder Tom Lee expressed optimism, arguing that markets are already bottoming out despite mounting global geopolitical tensions. Speaking on CNBC, he noted that although investors are concerned about the possibility of further escalation, markets have historically recovered quickly from geopolitical shocks unless the worst-case scenario materializes. He added that the peak of selling pressure is likely to pass this week and that both tech stocks and the crypto market have already entered the final stages of correction.
Lee in particular highlighted growing network activity, such as the launch of Ethereum-based tokenized funds, as evidence of strong long-term fundamentals, asserting that such value will ultimately translate into higher prices. Jan van Eck, CEO of VanEck, also described the recent rally in Bitcoin and major crypto-related stocks as a sign of resilience indicating that the worst of the downturn may be over. However, he cautioned that since 2026 marks the fourth year in Bitcoin’s four-year cycle—historically the weakest phase—the current bearish trend reflects that cycle.
Following U.S. and Israeli strikes on Iran, funds flowed into traditional safe-haven assets, pushing gold up more than 2.5% and sending oil prices past $80 per barrel. In this context, CCN analyst Abiodun Oladokun said that if the quiet accumulation trend by institutions continues, BTC could rally past $71,642 and reach as high as $75,238. Conversely, he warned of downside risks, noting that if demand weakens or miner selling increases, Bitcoin could break its key support level of $67,193 by the end of March and fall to $60,001.
Despite market optimism, skepticism remains over Lee’s short-term price forecasts. Last year, he predicted that Bitcoin could surge to $250,000 within months or reach between $150,000 and $200,000 by the end of January, but those projections failed to materialize. Similarly, his forecast that Ethereum would trade between $7,000 and $9,000 by late January proved inaccurate, as it struggled to stay just above $3,000 in early February.
While some of his broader bullish outlook has been validated in the past when Bitcoin reached record highs, many of his short-term targets have been criticized as overly ambitious. Ultimately, the trajectory of the crypto market in March will likely hinge on whether institutional capital continues to flow in despite macroeconomic uncertainty, as well as on the behavior of miners.
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