Coinatory

Fundstrat analyst Tom Lee lowered its forecast of the price of bitcoin for this year from $ 25,000 to $ 22,000, he said in an interview with CNBC. The co-founder and managing partner of Fundstrat believes that the price of bitcoin should be twice as high as the cost of its production. At present, this figure is $ 9,100. According to Lee, doubling this cost, including other variables, will provide a price of $ 22,000 by the end of 2018. Referring to the bitcoin misery index (BMI) presented earlier this year, Tom Lee stated that the ... Read more about " Even Tom Lee is less optimistic " on coinatory.com

In a conversation with Bloomberg this week, Fundstrat analyst Tom Lee once again confirmed his forecast for the bitcoin rate - $ 25,000 by the end of the year. One of the reasons he believes in cryptocurrencies is the likelihood that traditional financial institutions will one day actively invest in the crypto industry, seeing in it "high-yield" opportunities. According to Lee, the regulation of the crypto industry will only improve the adoption of the cryptocurrency in both the institutional and retail sectors. Lee mentioned one of his ... Read more about " Tom Lee confirms his forecast on Bitcoin " on coinatory.com

With western Christianity set to celebrate the basis of its theology this weekend, bitcoiners the world over might be showing up to churches in droves, hoping one resurrection might lead to another. The ecosystem’s main prophet, Tom Lee of Fundstrat Global Advisors, has outlined four reasons why enthusiasts ought to be bullish on the future: growing trust in digital everything, the awakening millennial boom, crypto recognized as a genuine asset, and Wall Street’s inevitable entry into space. Though it’s Looking Bleak, Tom Lee Believes There ... Read more about " Not Dead: There’s Good Reason to Be Long on Bitcoin " on coinatory.com