Tom Lee was bought by bitcoin during a sharp price dump.
Founder and Chief Analyst of Fundstrat Global Advisors Tom Lee took advantage of the recent decrease in the price of bitcoin to replenish its crypto-currency portfolio. He told about this in an interview with CNBC.
"We buy bitcoins on this rollback. Over the past month, the fundamental value of bitcoin has increased due to the growth in the number of new registered purses. This explains the growth of our short-term price forecast, "Lee said. In addition, he raised the forecast for bitcoin in the middle of 2018 from $ 11,500 to $ 20,000.
"We revised our forecast for mid-2018 to reflect a surge in activity in recent months. Looking ahead, I note that we expect that by the middle of 2018, the number of wallets with unique IP addresses will grow by 50%, and activity per user - by 10% from current levels, "the new report says. We add that even with the recent drop, the growth of bitcoin from the beginning of 2017 was 1360%.
Komen
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- When buying bitcoin, you go against the privileged circles of society - Buying bitcoin, you go against the interests of narrow groups - When buying bitcoin, you go against a corrupt government - When buying bitcoin, you are going against an outdated financial system - Buying bitcoin, you are fighting against global economic inequality
Hi! Thanks for your chart. Always usefull. What do you Think about altcoins in the near future? Thanks
VitalyKaminsky
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@Hyhohyho, Hello, depending on what? what are you interested in
Hyhohyho
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@VitalyKaminsky, oh sorry. I meant what would you do with altcoins in that turbulence time. Do you Think altcoins will go up with Bitcoin? I always hodl because I am holder (medium-large time). But I would like to know your thoughts on that near movs. Thanks for reply! +1
VitalyKaminsky
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@Hyhohyho, In my opinion, altcoins will periodically grow in this zone. but after leaving the zone, everyone will go into bitcoin to take part in the rally.
Hyhohyho
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@VitalyKaminsky, that grown, in periods where btc seams to be more quiet? Or you think can be at any time hehe. Thx you Vitaly
VitalyKaminsky
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@Hyhohyho, altcocoin growth when bitcoin is in stagnation or consolidation
Hyhohyho
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@VitalyKaminsky, thanks you for your time! Will be useful for me