Whether: bitcoin will cost 91 000$ by March 2020

Tom Lee, founder and chief analyst of Fund start Capital, predicts that bitcoin will cost $ 91,000 by March 2020, based on previous cryptocurrency behavior scenarios.

Lee and Fundstrat's forecast is based on average percent growth rates bitcoin has demonstrated after every deep correction.

The analyst provided such a forecast to Forbes. The publication notes that since the calculations are presented on a logarithmic scale, unlike traditional linear calculations, highs and lows can be determined only with a high degree of error.

Whether the predicted strong growth in the price of the cryptocurrency when bitcoin mark of $3,000. In July last year, the analyst made a forecast, according to which the cryptocurrency can reach a price of$ 55,000 by 2020. In January of this year, Lee suggested that bitcoin would cost$ 25,000 by the end of 2018. It seems that since then his forecasts regarding the future of digital gold have become even more optimistic.

Earlier this month, Lee and Fundstrat also presented the "bitcoin misfortune Index", according to which the cryptocurrency also expects a bright future.

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