Sometimes it is hard to believe in all kinds bullish predictions especially in times of uncertainty in the bitcoin market, or in any cryptocoin market.
Tom Lee is like a drowning man trying to call the attention of an ocean liner. Is he a good swimmer hehehe?
https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2015/11/04/103139009-20151102-2-1797.530x298.jpgOn a near-term basis, Lee expects bitcoin to reclaim its December high. "We think that by mid-2018, we're going to be part of the way there, and that's why we get [bitcoin to $20,000]," he said. "If [bitcoin] can actually rise close to [that $20,000 level] in the first half of this year, I think in the second half of 2018, we'll see a move bigger than that," Lee said. "So I think bitcoin is still something you should own [all year]."Read the full article https://www.cnbc.com/2018/01/09/bitcoin-could-easily-double-in-2018-says-fundstrats-tom-lee.html"If [bitcoin] gets 5 percent of the gold market, that's roughly $50,000," he added. That's a more than 200 percent move from where bitcoin is currently trading.
Problem is that people that own gold (or will buy some) come from the old world, see 5% of them invest in BTC is a little bit ironical. Anyway so many new people come into crypto every day, we don't need of this 5% to see the BTC rubbed $50k by the end of the year.
Never underestimate bitcoin remain the golden rule.
