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.
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.
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.