Tom Lee: Bitcoin Rises Amid Consensus Relative …

Tom Lee: Bitcoin Rises Amid Consensus

Relatively low price of bitcoin ahead of the Consensus crypto conference, which will be held in New York next week, is an favorable factor for further growth, analysts at Fundstrat Global Advisors say. About this writes Bloomberg.

Tom Lee: Bitcoin Rises Amid Consensus Relative ...

“We are preparing for the growth on background Consensus will outperform the last years, ”wrote Tom Lee in addressing clients, referring to a conference held for the fourth consecutive year.

More than 7 people are expected to attend the event 000 people, while last year Consensus counted about 2,750 visitors, Lee points out. Last time the number of visitors doubled, bitcoin grew by 69% during the conference itself and by 138% in the next 2 months.

The analyst does not expect that regulatory uncertainty and other negative factors will be able to hold back the growth of bitcoin in time conferences.

“To summarize: We are counting on then, what BTC and cryptocurrencies will be behave like that the same, as in the previous the years, and will rise during Consensus “, – he wrote.

Tom Lee: Bitcoin Rises Amid Consensus Relative ...

In mid-March, the usually optimistic Lee advised prepare for the continued decline in bitcoin, and at the end of April stated, that it is now preferable to invest in the original cryptocurrency, rather than in her fork Bitcoin Cash.

Previous creator Ethereum Vitalik Buterin and some other figures of the cryptocurrency space called on boycott CoinDesk’s Consensus with editorial policy whom they are not agree.