Bitcoin Price Crash Burning Man’s Fault ?
Bitcoin’s drop is Burning Man’s fault…at least that’s what Tom Lee says! hahaha!
Bitcoin Price Crash is Burning Man’s Fault
“Fundstrat co-founder Tom Lee claims this week’s bitcoin price nosedived because the crypto-sphere is distracted by the Burning Man festival. Moreover, Lee predicts the Federal Reserve will cut interest rates 75 basis points by the spring of 2020.
Lee, a bitcoin perma-bull, made the remarks to Fox Business News. During a segment with UBS Managing Director Jason Katz, Lee discussed bitcoin, the stock market, and Federal Reserve policy.
‘In a week like this, when there’s Burning Man happening and Labor Day, there aren’t a lot of inflows into bitcoin,’ Lee remarked.”