Bitcoin Can Gain 100% in 2020?

Tom Lee believes so as he says the halving is not priced-in

Bitcoin Can Gain 100% in 2020 — Halving Not Priced In, Says Fundstrat

“In its forthcoming 2020 Crypto Outlook, market research firm Fundstrat Global Advisors said it believed that the halving was not yet “priced into” the Bitcoin price.

The report is currently only available to the firm’s clients, with key findings uploaded to Twitter by co-founder Tom Lee on Jan 10.

‘For 2020, we see several positive convergences that enhance the use case and also the economic model for crypto and Bitcoin — thus, we believe Bitcoin and crypto total return should exceed that of 2019,’ an excerpt states.

Fundstrat continued:

‘In other words, we see strong probability that Bitcoin gains >100% in 2020.’”

Master Asked on January 11, 2020 in Bitcoin.
Add Comment