Author Topic: Tom Lee Pleasantly Surprised at the Stability of Bitcoin (BTC) (Read 961 times)

fitload · « **on:** November 01, 2018, 12:41:37 PM »

In a recent interview with CNBC, Tom Lee crypto bull gave his thoughts on the current state of the market. Lee, the Head of Research at Fundstrat, stated that he was pleasantly surprised by the stability of the cryptocurrency market and added that Bitcoin has reached its bottom.

The financial analysts had made news earlier when he stated that the value of Bitcoin would break December 2017’s record and shoot up to an all-time high of $25,000.

Lee states that he had expected the volatility of Bitcoin to be much higher considering that the total crypto cap is a small fraction of the total global assets which have seen a correction.

Surprisingly the now-10-year-old Bitcoin has relatively outperformed stocks, even ones that have been historically non-volatile beyond belief. Elaborating on this point, the prominent crypto proponent stated:

It’s surprising given how small bitcoin is in terms of market capitalization… right? The total crypto...

Read More: https://news.bitzamp.com/head-of-research-at-fundstrat-tom-lee-pleasantly-surprised-at-the-stability-of-bitcoin-btc/

Altcoins Talks - Cryptocurrency Forum · « **on:** November 01, 2018, 12:41:37 PM »

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D_sally · « **Reply #1 on:** November 05, 2018, 02:17:17 PM »

Bitcoin finally finally reached its day, I really want to believe, because the market has not submitted even small signs of growth for a very long time and it seems to me it’s time to finally start it!

Altcoins Talks - Cryptocurrency Forum · « **Reply #1 on:** November 05, 2018, 02:17:17 PM »

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Zed0X · « **Reply #2 on:** November 05, 2018, 05:25:00 PM »

I do not know who this guy is to be honest but I think his assessments are fair. It is really amazing that Bitcoin has sustained its growth since it started ten years ago. The prediction of $25,000 has a slim chance of happening this year but if not this year, it'll mostly happen in 2019.

papar · « **Reply #3 on:** November 05, 2018, 06:29:09 PM »

Previously, Lee claimed that Bitcoin “could end the year explosively higher,” citing a correlation between it and emerging markets. The “important correlation,” per Lee, lies in the fact that both markets are running somewhat parallel to each other, with both having “really essentially peaked” in early 2018