Tag Archives: Tom Lee

Tom Lee, Fundstrat’s chief analyst, thinks Bitcoin (BTC) price will reach 40,000 before the Dow Jones reach 40,000. Bitcoin halving is just 89 days away and the world is in crisis – how will this influence the price?Famous trader Tom Lee makes yet another huge prediction regarding the Bitcoin price. This time, he claims that Bitcoin will reach 40,000 even before the Dow index does. Dow currently trades at 29,280. He thinks that, till August 2020, Bitcoin will cost at least 20,000, and then it...

Fundstar Global Advisors Managing Partner, Tom Lee, continued with his positive predictions regarding the price of the largest digital asset. In a recent interview, he said that Bitcoin will reach $40,000 before the popular stock market index, the Dow Jones Industrial Average (DJI), gets to 40,000.Bitcoin Price To $40,000Lee is among the most vocal Bitcoin proponents and has regularly made positive price predictions. Speaking on CNBC’s Power Lunch, Lee reiterated on the current bullish...

There are new reports that bitcoin is about to hit the $11,000 mark. According to Rob Sluymer – an analyst with Fundstrat – the currency is on the verge of adding nearly $2,000 to its growing price.Fundstrat Is At It AgainFundstrat is no stranger to wily bitcoin price predictions. The analysis firm boasts the presence of Tom Lee, a leading individual with the organization that has made a real name for himself over the past two years predicting that bitcoin will move up in spades – and usually...

It is most likely that Bitcoin will gain from a rapid drop in Asian stock markets due to the coronavirus menace. Crypto analysts believe that the flagship token will gain soon. Apart from that, the halving event is fast-approaching. Bitcoin is less than 99 days away from its halving event. Most of the market commentators are bullish on its impact.Bitcoin price smashed the $9,600 hurdle for the first time since November 2019. Nonetheless, the weekend session was also dominated by significant...

Tom Lee is a person who always gives positive price predictions when it comes to Bitcoin. But now, there’s a bunch of other people claiming that Bitcoin halving might be not good for the Bitcoin price dynamics.He thinks that the technical analysis, as well as the core principles of Bitcoin, show that the price should go up. His agency Fundstrat gains up to 193% of easy profits out of Bitcoin. Per Tom Lee:“Yes, 2020 should be great for Bitcoin. Because you got, number one the Halving happening...

Bitcoin’s 2020 positive price movement will continue, according to the Managing Partner at Fundstrat Global Advisors, Tom Lee. He believes that both the fundamentals and the technical aspects of the largest cryptocurrency are intact to deliver excellent results throughout the whole year.Bitcoin Enters A Bull RunBitcoin has recorded a seriously impressive month, starting at around $7,200 and jumping with 30% to the current level of about $9,400. This is the second-best January in its history,...

Set for 12 May 2020, the Bitcoin halving is just 105 days away. Bitcoin price is steady at 8K-9K level.However, we should note that the same figure was named last week. Despite the fact that time is going forward, the halving event is not getting closer according to popular countdowns. It may be evidence of the decreased hash rate.Arcane Research, a Norwegian Cryptocurrency analytics company, published a study showing the growing demand among people who search in Google for ‘bitcoin halving’....

Stock market research firm Fundstrat published a bullish 71-page report promoting the IOTA cryptocurrency to its clients. Something doesn’t add up when you compare this to a public disclosure found on its retail portal. The IOTA project already has a shifty reputation, and Fundstrat isn’t doing itself any favors. The stock market research firm founded by notorious bitcoin price prediction “expert” Tom Lee has been spotted promoting the controversial IOTA...

Tom Lee, a senior analyst at Fundstrat, is at it again and predicting bitcoin’s price despite claiming at the end of 2018 that he would never try to predict where bitcoin would go again.Tom Lee: Bitcoin Will Double Its Current PriceThis time, however, Lee seems a little more on the mark. At the time of writing, bitcoin is trading for just over $8,600, a $1,700 increase from where it stood just 12 days ago. Lee comments that 2020 is likely to end the year with bitcoin doubling its present...

Ethereum co-founder Charles Hoskinson believes that bitcoin is about to achieve big things.Hoskinson: BTC Will Reach $100,000Via Twitter, Hoskinson posted his beliefs that bitcoin could easily reach $100,000 in the coming years. This arguably puts him up there with the likes of venture capitalist Tim Draper, who has stated that bitcoin is likely to hit the six-figure mark by the time 2023 rolls in.Hoskinson’s words are intriguing in that he is the co-builder of arguably bitcoin’s biggest...