Financial market research firm Fundstrat’s Tom Lee defended his position that Bitcoin (BTC) could trade at anywhere from $22,000 to $25,000 by the year’s end, in two CNBC interviews Thursday, July 5.
Lee made sure to clarify to reporters that his most recent $22,000 price prediction is emphatically not a bearish retreat from his previous forecasts of $25,000.
Lee, a notorious Bitcoin bull, is famous for his prediction in January that Bitcoin would hit $25,000 by the end of 2018, later saying in March it would reach a staggering $91,000 by 2020.
Reappearing on CNBC Thursday afternoon, Lee was quick to clarify what he considered to be an exaggerated reaction to his morning comments, saying that: “I do think it’s the first time I’ve ever heard someone thinking something could triple is a bearish comment.
Bitcoin is currently trading at about $6,582 to press time, down just over one percent on the day.

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