Tom Lee could be a previous chief equity contriver from JPMorgan Chase, and could be a co-founder of Fundstrat world Advisors, a market strategy firm. Lee is additionally a Bitcoin advocate predicting that the currency’s value may “easily double”, and even triple, this year.
Lee had antecedently marked mid-2018 because the time once Bitcoin would begin commercialism at $11,500, a value reached last year already. In fact, it even reached commercialism volumes of nearly $20k on some exchanges.
He has said Bitcoin’s characteristic value unpredictability as a “price discovery method.” additionally, he same that investors might not nevertheless
Bitcoin has outperformed gold for 2 years running. additionally, ‘buy bitcoin’ search queries on Google outweighed ‘buy gold’ queries.
However, Bitcoin enthusiasts like Bobbly Lee have foreseen that the currency may trade as high as $100k. Lee is that the co-founder and chief executive officer of BTCC, China’s longest-running crypto exchange before it had been clean up. even if he has been burned by China’s Bitcoin ban, Lee and plenty of others believe that the sole means is up for Bitcoin.