Tom Lee reverts to his previous prediction of $ 25,000 per bitcoin by the end of the year
Tom Lee, already More than once optimistic about the bitcoin rate, on Thursday morning on the air of the Squawk Box program on CNBC, he said that he did not refuse his optimistic forecast for the largest cryptocurrency, but lowered the bar – in his opinion, the cost of bitcoin by the end of the year will not reach $ 25,000, but only breaks the $ 20,000 mark.
However, themes the same in the evening on the air of the Fast Money program on CNBC exchange analyst and co-founder Fundstrat Global Advisors corrected itself and said that it is still adheres to his forecast at 25 000 dollars. Lee noted that the estimated cost of mining points to a rate above $ 20,000 – about $ 22,000 – and then added that by the end of the year he can reach $ 25,000 “or something about Togo“.
Besides Togo, according to Lee, there is no point in finding fault with these several thousand dollars, because any exchange rate above $ 20,000 is a 200% increase in relation to current value bitcoin. At the time of publication it is $ 6,600.
In addition, Li, from 2007 to 2014. employed by J.P. Morgan Chief Equity Investment Strategist, stated, that bitcoin and blockchain waiting for a “story for several decades”, but we now see only its very beginning.
Lee also talked about Tom, how did you spend in the 90s years researching wireless technologies and then observing the convergence of the internet and industries mobile devices. The current situation with bitcoin, according to him words, “Not much different.” In May, Lee stated that deceleration blockchain innovation has not happened, and the market is happy with “health check” technologies, and everything this together should lead to rise segment.