Tom Lee, anchor, and research chief, at Fundstrat Global Advisor, took part in CNBC Fast Money and broke up a lot of misconceptions about bitcoin. According to Google research, bitcoin is 75% falling, its cost remains unchanged and can not reach $ 10k. Tom explains why this is all clear and unfavorable.
According to him, Google studies do not include bitcoin indicators.
The volume of trade volume that was discussed in December was up to 80% for the bitcoin form of parabola. In addition, he says that compared with the previous year, the trade volume was 40% higher.
With respect to the price, he says that bitcoin has a number of technical solutions to adjust the timetable to reach the peak for 10 days and hopes that it will be repeated at the end of the ten days of the year.
But when he was asked whether he would do the Bitcoin job, Tomas replied that bitcoin and other coins are in the ratio, but when we talk about the ICO, they have earned twice as many as last year than the bitcoin demand and the possibility that is 10 billion dollars.
Tom is confident about the price of bitcoin. He thinks Bitcoin should not be in risk due to regulations and believes that Bitcoin works well outside the US market.
he says:
"Bitcoin is a wonderful warehouse for the price and it works pretty well on digital transactions. In addition, it's a clear example of security. "
source: https://goo.gl/4bqwCo
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