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
I even expect this to happen by this first quarter of this year Bitcoin did very well last quarter of last year and the $20,000 high we have last month. If bitcoin will double it high in December we will be looking at $40,000 by the middle of this year. Bitcoin is definitely going to make a high significant progress by this time next week base of the positive fundamentals issues that are coming from the cryptocurrencies market. We are to take this advantage and buy cheap now.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