Editor's Picks News

Tom Lee: Bitcoin will definitely grow, but not this year… and not next

Known for his positive predictions and love for the cryptocurrency founder and analyst Funstrat Global Advisors Tom Lee is not doing very positive Outlook, at least when considered in the short term. According to experts, the rate of Bitcoin will be transferred to growth and even beat his previous record of $20 000 but in the coming years, but not months.

Analyst with wall street still insists that a correction, and that’s exactly what he klassificeret the collapse of the market, which lasts from the beginning of 2018, is the best moment for cryptocurrency investors that are able to invest their funds.

The fall of the market, according to Tom Lee, was affected by three global factors — hardwork Bitcoin Cash, increasing control of the ICO industry Commission at the securities and exchange Commission (SEC), as well as the difficult situation on the global markets in October-November fell 10%.

“Now there is a correction, the bitcoin price fell below the 200-day moving average (EMA). After a time, she will rise again, though not in the next three months or year, but within two to three years. Now Golden time for participants kriptonyte,” said analyst Fundstrat.

He reminded that the market is at a very early stage of development, and bitcoin can be downs in the short term. According to Lee, in the industry of cryptocurrency, there are only 50 million active wallets, while the total number of accounts Visa and MasterCard more than 4.6 billion. According to the potential network effects, in 10 years, bitcoin could rise to $10 million, says the expert.

As for the short term, in the near future bitcoin is not only not grow, but may continue to decline, warns the analyst. Although in General 2019 will be positive for cryptocurrencies — a new industry began to show interest institutional investors and large corporations, including Microsoft and Starbucks.

Next year the industry will happen several key events that can seriously affect the situation and cause a new wave of growth in the value of cryptocurrency. Many experts, including commercial Director Bitpay Sonny Singh, the billionaire Mike Novogratz and others believe that bitcoin will rise significantly in the future.


Related posts

Do Kwon Refutes Claims He Cashed Out $2.7B before Terra’s Implosion


High Flying Ethereum: Is $5000 on the cards?

Guest Author

Shopify, McDonald’s, Walmart and Many More Will Accept Payments Through the Bitcoin LN Thanks to Strike

Afroz Ahmad