Fundstrat Global Advisors co-founder Tom Lee appeared on Fox News earlier today to talk to talk about traditional markets and cryptocurrency. It was not long before his famous “$25,000 by the end of 2018” Bitcoin price prediction was brought into question. Lee blamed the proliferation of the ICO fund-raising technique for the inaccuracy in his…
Outspoken Bitcoin bull Tom Lee is one of the cryptocurrency’s biggest cheerleaders, and has made a number of lofty price predictions that have unfortunately fallen short. With the price of Bitcoin hitting new one-year lows after the break of critical support at $6,000, Lee is now saying that Bitcoin is currently extremely undervalued, by as…
The price of Bitcoin fell below $5,000 on Coinbase for the first time in 2018 as the bear market continues to drag prices down across the board. Market Cap Drops to Below $87 Billion For the first time since October 2017, Bitcoin dropped lower than $5,000, at $4,996 on San Francisco-based crypto exchange Coinbase. As a…
Fundstrat’s Tom Lee, often referred to as the ‘crypto bull’, has revised his end of year Bitcoin price prediction from $25,000 down to $15,000, which is still pretty optimistic looking at the state of things today. Bitcoin at $15k By Year End Speaking to CNBC the co-founder of Fundstrat Global Advisors said that the key…
A new survey conducted by Fundstrat Global Advisors has found that 72% of institutional investors believed that cryptocurrency prices would rise in the case of a global recession. This is mainly due to the belief that non-governmental and retail market-related investments would be seen as a safe haven due to their distance from traditional markets.…