2019-10-5 17:09 |
Bitcoin is positively correlated with the S&P 500 and is not a hedge against macro turmoil, according to Fundstrat Global Advisors co-founder Tom Lee
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BitMine’s chairman, Thomas “Tom” Lee, has weighed in on the potential reasons for the recent crypto market’s performance and why he believes the prices may be near the bottom. Related Reading: Is The Bitcoin Bottom In? CMT Reveals What Investors Need To See Now ‘All Pieces In Place’ For Crypto Market Bottom On Monday, BitMine’s chairman and Fundstrat’s CIO, Tom Lee, discussed the recent market crash that has wiped out around 13% of the crypto market’s total value over the past week.
Tom Lee, chairman of BitMine and managing partner at Fundstrat, has been a vocal optimist when it comes to the cryptocurrency market, especially for Bitcoin and Ethereum. Most recently, Fundstrat’s managing partner revived his $62,000 target call for the Ethereum price in 2026.
SharpLink Gaming is solidifying its position as one of the world’s largest corporate holders of Ethereum, announcing a landmark of $400 million registered direct offering secured through partnerships with five major institutional investors.
Ñîîáùåíèå BitMine Expands Ethereum Treasury with 317,000 ETH Purchase, Holdings Near $4.9 Billion ïîÿâèëèñü ñíà÷àëà íà Coinstelegram.
Tom Lee, the founder and head of research at FundStrat Global Advisors, has once again vocalized a compellingly bullish forecast for Bitcoin (BTC).
Bitcoin continues to maintain its momentum toward the upward trajectory, touching the $68,000 price mark earlier today, leading to speculations about how long it will take to hit a new peak. Bitcoin To Reach $70,000 In A Matter Of Time With the price action of Bitcoin today, several crypto analysts are bullish about BTC as they believe that the crypto asset could reach a new peak very soon.
What do the billionaires and experts forecast for Bitcoin price in 2024 and beyond? Dive into the predictions that might shape the crypto space in the coming years.