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Fundstrat’s head of research, Thomas Lee, has doubled down on his bitcoin price prediction of $150K by year-end, post Mt. Gox distribution. He expects “a pretty sharp rebound” for bitcoin in the second half of this year, citing the resolution of the Mt. Gox overhang, potential easing of Federal Reserve policies, and the impact of … Read more
Fundstrat Global Advisors’ head of research says bitcoin still has “exponential growth ahead” of it. While acknowledging recent price swings of the cryptocurrency, the strategist emphasized that bitcoin has so far regained its losses in short periods of time. Bitcoin Still Has ‘Exponential Growth Ahead’ Fundstrat Global Advisors’ managing partner and head of research, Thomas … Read more
Top analysts often make wild Bitcoin price predictions, while BTC options implied volatility produces conservative estimates. Which group fared better? Go to Source Powered by WPeMatico
Given the current Bitcoin price momentum, it has become somewhat difficult to make sense of the market trends. That situation will not necessarily change in the near future, as ups and downs will continue to occur intermittently. Thomas Lee, a well-known crypto bull, claims Bitcoin will see a major reversal over the course of the … Read more
Recently at the ChainXchange blockchain conference, Paul Krugman took center stage at a panel of Bitcoin skeptics and supporters including Ripple Chief Market Strategist Cory Johnson and market research guru Thomas Lee. Prior to the discussion, Krugman delivered a presentation that focused primarily on the history and development of money, and ultimately how they relate to … Read more
The second day of Las Vegas Blockchain Week and the ChainXchange blockchain convention has concluded. Today’s activities included discussions and lectures carried out by prominent cryptocurrency supporters and skeptics, including representatives from Ripple and NEM, as well as Nobel Prize winning economist and perpetual crypto bear Paul Krugman. In the afternoon, research analyst heavyweight Thomas … Read more
Investigations are all about the crypto ecosystem, but a recent report regarding a US Department of Justice price manipulation crackdown was widely said to be the cause of market caps falling, and by a lot. Fundstrat, the ecosystem’s favorite financial professional crypto bull, is on record as welcoming government regulation, what it calls “adult supervision.” … Read more
When Fundstrat Global speaks, the crypto world listens. In recent months it has been a steady font of good news for the ecosystem, with five figure price calls to predicting a very bright future, a crypto future. Resident guru Thomas Lee more-or-less foretold the current after tax season spike in prices when many others were … Read more
Bitcoin has endured another small slump. After spending nearly 24 hours at $7,100, bitcoin’s price has dropped by $200 and now stands at $6,900. This has become something of a routine over the past two weeks. Bitcoin jumps a bit, then falls a bit. While nothing huge appears to be happening, bitcoin resistance levels seem … Read more
Another drop is in the books, and bitcoin is hovering at a monthly low of approximately $7,400. While predictions remain relatively varied, some believe that bitcoin may be heading towards a “death cross,” and that the price could drop to new levels before any serious recovery is experienced. First and foremost, a death cross occurs … Read more
