Re: Bitcoin could ‘easily double’ in 2018, says Fundstrat’s Tom Lee
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?
On 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
Bitcoin price was almost multiplied by 20 times in the year 2017,so it looks possible to double in one year.But the current situation of bitcoin made more worse the price of falling down everyday and all the altcoins are popping up.But I still hope bitcoin will make a come back soon so let's wait and see.Tom Lee is like a drowning man trying to call the attention of an ocean liner. Is he a good swimmer hehehe?
On 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