Tom Lee Predicts Bitcoin To Reach $91,000 by March 2020, Based On Performances After Past Dips
Tom Lee of Fund Street has predicted that by 2020, Bitcoin will reach the price of $ 920,000 by March 2020, which is according to the forecasts of BRACs, which shows BitCoin (BTC) performance after Market Lodge, Forbes March 17 Told them.
Lee and Fundstrat used the average percentage of the price after reaching the 2020 figure after each trough.
Forbes piece notes because the graph is based on logarithmic scale in contrast to the traditional linear graph, BTC's elevation and lows are no different.
Lee predicted high prices for BTC because its price was less than $ 3,000, until July 2017, Lee had already announced that Bitcoin would reach $ 55,000 by 2022. Recently, in January this year, Lee said that BTC will get $ 25,000 by the end of 2018.
For future viewers: price of bitcoin at the moment of posting is 8206.30USD
I don't think anyone truly knows what the future BTC prices will be but it should be safe to say that the overall trend will be higher.