Analysts of Fundstrat Global Advisors, led by Tom Lee, are confident that the bitcoin rate will go up again after the cryptocurrency conference Consensus, which will be held in new York from 14 to 17 may. Traditionally, after the event, the cost of digital currencies increases.
Tom Lee said:"we are preparing for digital currencies to rise against the background of the conference to surpass the results of recent years." Consensus is being held for the 4th year, this time more than 7000 guests are expected. Last year, more than 2,750 people took part in the blockchain summit. Tom Lee noted that already during the conference in 2017, the cost of bitcoin increased by 60%, and within 2 months after the meeting, the cost of the first cryptocurrency increased by 138%. Lee expects that this model will continue and this year's results will exceed expectations.
Lee admits: "there is no Full confidence that the cryptocurrency will repeat last year's success. However, we expect that within 2 months after the event, the value of bitcoin will increase to $15,000." Recall that you have a optimistic relation to BTC. Not so long ago, he said he was ready to invest in bitcoin, not Bitcoin Cash. Along with other experts, Lee is confident that by the end of the year the cost of BTC will exceed $20,000.
