When it comes to Bitcoin bulls, there isn’t anyone who is as optimistic as Fundstrat’s Tom Lee. And with a recent appearance on CNBC, Lee has only cemented this theme, drawing attention to indicators that could indicate that Bitcoin bears are losing steam.
Fundstrat Analyst Remains Bullish, Even After Eight Months Of Bearish Price Action
Where’s Bitcoin headed next? That’s the question that has been weighing on the minds of crypto investors worldwide. Tom Lee, the head of research at Fundstrat Global Advisors, recently appeared on CNBC’s “Fast Money” segment to discuss his outlook on this market.
Lee, dubbed “Wall Street’s biggest Bitcoin bull” by some, debuted his time on the show by drawing attention to a throng of positive indicators. Alluding back to the countless number of appearances he made on Fast Money, the permabull noted that the break-even cost of mining, along with favorable “network efforts” still heavily drive Bitcoin’s value. Anyhow, he then unexpectedly brought up a macro market indicator, and although it has no direct correlation to crypto, Lee sees it as Bitcoin’s next “leading indicator.”
The post Permabull Tom Lee: Bitcoin Price at $20,000 Still Possible By The End Of 2018 appeared first on NewsBTC.
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