Co-founder of Fundstrat and renowned Bitcoin bull Tom Lee Bitcoin (BTC) predicts that the price will increase by the end of the year. In addition, the analyst adds that in 2019, the BTC will identify new ATHs.
Tom Lee’s short and long term Bitcoin forecast
Tom Lee, one of the most famous names in the crypto money industry, spoke about the general situation of the crypto money market at a recent event. Tom Lee made some predictions about the Bitcoin price for a few months from now. Tom Lee used optimistic statements about his predictions about the future of Bitcoin price. In Tom Lee’s opinion, the number of people using Bitcoin around the world is growing and this will have a positive impact on the Bitcoin price.
According to Tom Lee, Bitcoin is now becoming a safe haven for humans. According to the analyst, BTC is growing in popularity and use as people begin to buy Bitcoin to protect against the collapse of the country’s currency. Tom Lee, therefore, believes that the Bitcoin price will rise to new heights in the long run. Tom Lee, a bitcoin bull, believes that BTC will re-enter its upward trend in the short term.
Tom Lee: By the end of the year Bitcoin will set a whole new record!
Tom Lee said the price of Bitcoin could be quite good towards the end of the year. So much so that, according to Tom Lee, we can see a new record level at Bitcoin towards the end of the year. A cross-section of the statements made by Tom Lee is as follows:
I THINK THAT BY THE END OF THE YEAR, BITCOIN WILL BE MUCH HIGHER THAN IT IS NOW AND MAYBE SET A NEW RECORD. NOW I THINK IT MAKES SENSE TO INVEST IN BITCOIN JUST TO BE SURE OF ONE THING.
The leading cryptocurrency, Bitcoin, is trading at $ 9,940, an increase of about 1 percent during writing. The flagship of cryptocurrencies currently has a market value of $ 177.7 billion. Bitcoin manages a recent 24-hour trading volume of $ 21.6 billion at market value during writing.