Tom Lee: bitcoin does not have to grow every day to reach $ 25,000
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Wall Street analyst and co-founder of Fundstrat Global Advisors Tom Lee stressed that he still believes in reaching $ 25,000 bitcoin by the end of the year. This is reported by FXStreet.
"We must understand that bitcoin, in order to get from $ 8000 to $ 25000, it is not necessary to grow every day. Remember that the ten most productive days are responsible for all the profits brought by bitcoin. If you did not own bitcoin ten days a year, you lost 25% annually from 2010, "he stressed.
Earlier, Tom Lee acknowledged the fallacy of his forecast of market growth against the background of the Consensus 2018 in New York, but stressed that the reason for the fall in prices of digital currencies is the uncertainty in the field of regulation.
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