Bitcoin (BTC) to hit $100,000 this year despite present slump: Tom Lee

Bitcoin (BTC) to hit $100,000 this year despite present slump: Tom Lee
фото показано с : invezz.com

2021-5-25 13:55

During an interview with CNBC on Monday, Wall Street strategist Tom Lee thinks Bitcoin (BTC/USD) still has the potential of reaching $100,000 this year, despite the market slump.

 I think that Bitcoin can go above $ 100,000 again despite the big correction it has gone through.

Bitcoin fell to $30,000 on May 19, which is a fall of over 50% within the month. Although it has corrected slightly, the cryptocurrency is still at the bearish level.

Bitcoin’s previous Bull circle did not witness a correction of up to 50%. To investors, this makes it a bit harder to believe that the crypto will bounce back to a new all-time high soon.

Bitcoin holders to get their reword very soon

However, Lee is adamant that Bitcoin still has a lot of movement upwards. He stated that even though the asset is “extremely volatile”, those who hold on to the token will get their reward very soon.

He added that the nature of Bitcoin has always been hyper-volatile, so it’s not a surprise it is shedding so much in the market. But he expressed serious optimism that the asset will bounce back shortly.

Lee is the co-founder of Fundstrat Global Advisors. He stated that he still stands by his words when, back in December last year, he said Bitcoin will hit $100,000 in 2021.

Bitcoin has been highly volatile recently

Although Bitcoin is still far from hitting such a target, it did exceptionally well when it was trading at $65,000 at a time in the market.

But the cryptocurrency has failed to cross that mark and is currently struggling to climb $40,000. Bitcoin has been very volatile for the past two weeks, as it struggles against several market forces. Bitcoin has also been facing a lot of challenges lately. It started with Tesla’s recent concern about the increased use of fossil fuel to mine Bitcoin. Shortly, China intensified regulatory efforts on cryptocurrency. These have contributed to the volatility of the world’s most valuable cryptocurrency.

The post Bitcoin (BTC) to hit $100,000 this year despite present slump: Tom Lee appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 67045.78 (-0.04%)
Объем 24H $23.229b
Изменеия 24h: 0.98 %, 7d: 10.18 %
Cегодня L: $66739 - H: $67313.92
Капитализация $1320.799b Rank 1
Цена в час новости $ 37646.28 (78.09%)

bitcoin 100 despite tom lee btc slump

Источник: invezz.com

bitcoin 100 → Результатов: 126


As Bitcoin Struggles To Reclaim $50k, This Bloomberg Analyst Tells Why He Still Has Eyes Peeled For $100,000 In 2021

Bloomberg Intelligence Analyst McGlone believes Bitcoin will reach $100,000 in 2021, with supported factors such as increased adoption, past BTC trading trends, and Bitcoin’s declining supply. “Can bitcoin reach $100,000 in 2021? Five charts show potential- Past bitcoin trading trends and the crypto’s declining supply vs.

2021-9-19 14:33


BitMEX выделила грант на $100 000 биткоин-разработчику Глебу Науменко

Оператор биржи криптовалютных деривативов BitMEX компания HDR Global Trading выделила грант в размере $100 000 разработчику Chaincode Labs и Bitcoin Core Глебу Науменко. Bitcoin developer grant provided to Gleb Naumenko HDR Global Trading are delighted to announce that a US$100,000 grant has been awarded to Bitcoin contributor and researcher @ffstls Following on from @fanquake, Gleb is the 2nd granteehttps://t.

2020-6-4 13:23


Фото:

Мнение: в 2020 году цена bitcoin достигнет уровня $100 тыс.

Bitcoin начал неделю с очередной волны падения. На момент написания новости, криптовалюта торгуется по $7 856, что эквивалентно суточному снижению на 4,21%. Другие активы из топ-10 рейтинга капитализации ресурса CoinMarketCap, за исключением стейблкоина Tether, также демонстрируют негативную динамику.

2019-9-30 08:47


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto market cap surpasses the $2.5t mark following CPI data

The global cryptocurrency market capitalization has recorded an impressive momentum after the U.S. Consumer Price Index (CPI) report was released. Notably, the US CPI for April increased by 3.4% over the past year, crypto.news reported. In March, the CPI reached…

ABT token surges 26% to hit new all-time high

ArcBlock’s native token, ABT, has seen a significant surge in its market value, with a 26% rise over the last 24 hours, pushing the token to a new all-time high of $3.92. The latest surge in trading volume, which reached $31.8…

Q1 CoinShares most successful quarter in history with revenue up 216%

European crypto asset manager CoinShares has revealed that its revenue in Q1 increased by 216% since last year, with total comprehensive income increased by elevenfold. CoinShares, a European digital asset manager and crypto research firm, saw its “strongest quarter ever”…

Chinese authorities arrest six suspects in $300m crypto fraud case

Authorities in China have arrested six individuals suspected of engaging in illicit cryptocurrency transactions amounting to 2.94 billion yuan — worth roughly $300 million. According to a May 10 report by local media outlet Chinanews, the suspects were taken into…

Celsius (CEL) rallies 360% following massive token burn

The native token of the now-defunct Celsius Network, CEL, has recorded an impressive price surge following its massive token burn. On-chain data shows that Celsius burned over 94% of its total supply on April 30 — plunging from 695.65 million…

NFT Trader loses $145k worth of BAYC to phishing attack 

An NFT trader recently lost over $145,000 worth of Bored Ape Yacht Club (BAYC) collectibles to a phishing attack amid the growing rate of scam schemes that have plagued the cryptocurrencyo scene. On-chain security platform PeckShield brought attention to the…