Former strategist and analyst at JPMorgan Chase, founder of Fundstrat, Tom Lee, admitted that he took advantage of the fall in the Bitcoin rate to purchase his first cryptocurrency. The analyst also clarified, in light of recent events, his forecast for Bitcoin
“Bitcoin has fallen so that it can be bought. Over the past month, Bitcoin's fundamental value has increased due to the rise in new wallets, which therefore explains the increase in our short-term forecast. Our forecast is that the number of wallets will increase,” says Tom Lee in a new report.
Add that the analyst has already twice raised his forecast for the price of Bitcoin next year. In August he called a figure of $6 thousand, in November he raised his forecast to $11,500, and now - to $20 thousand.
“Bitcoin appears to be having a parabolic (speculative) surge, and we were not surprised to see a sell-off in Bitcoin,” notes Lee. In his opinion, by 2022 the price of Bitcoin will reach $25 thousand.
Unfortunately, nowhere in the media is it indicated how much Tom Lee purchased coins for; apparently, the analyst decided to keep this issue secret.
According to https://smart-lab.ru
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