Tom Lee just doubled down on his $150K+ Bitcoin price target on CNBC while the market was dumping.

The Fundstrat boss isn't backing down from his call despite BTC nuking 8.83% to $83,461.

The man hasn't changed his tune even as half a trillion in market cap got wiped out this week – that’s some conviction. 

Why He's Still Bullish AF

Lee's sticking to his guns based on three main factors that normies are missing.

1. Crypto adoption keeps spreading despite what the charts are doing in the short term.
2. Trad finance is aping in hard – with Citadel finally admitting they're trading crypto.
3. The Trump administration might actually deliver the regulatory green light everyone's been begging for.

A man has to believe in something firmly to keep conviction after the week we’ve had. 

BTC dropped to $83K like it was falling through air, and ETH got absolutely hammered with an 11.14% haircut.

XRP bagholders watched their tokens dump 10.6% in 24 hours, while SOL and ADA holders got the worst of it, losing 14.50% and 16% respectively.

The Tariff Dump

Trump torpedoed his own pump by announcing massive tariffs – 25% on Canada and Mexico imports plus 20% on Chinese goods.

Needless to say, the market didn't like that.

Trade war fears completely overshadow the whole "crypto strategic reserve" narrative.

But Lee isn't bothered, nor is he alone in his hopium – VanEck's calling for $180K this year, and Bernstein and Standard Chartered both dropped $200K price targets.

Lee's actually at the high end with his $250K possibility.

The Potential Catalysts

The White House Crypto Summit on March 7 could send the market flying if Trump says the right words.

That crypto strategic reserve isn't dead yet – details on implementation could drop any day.

Wall Street keeps piling in, and pension funds might be next to load their bags.

And you know, if sovereign wealth funds start buying BTC, we're going to need a bigger chart for all the action that it will entail.

BTC dumping on tariff news proves it's still trading like a risk asset, not the inflation hedge maxis preach, but the long-term adoption curve keeps climbing regardless of weekly price action.

The big-money entries haven't even started flowing in at full speed yet – trade wars or not, the halving cycle doesn't care about your politics.

To The Moon And Beyond?

Tom Lee's been right more than he's been wrong about BTC over the years, and this week's dump might just be another small blip on the logarithmic growth curve.

$150K BTC isn't a matter of if, but when – at least according to the chart guys.

As always, zoom out and stack sats – or don't and get left behind when number go up.