Bitcoin To Beat Dow To $40K?
Thomas Lee of Fundstrat believes so and so do I – $40K in 2020 is doable, sky is the limit
BITCOIN TO BEAT DOW JONES TO $40K, AFFIRMS THOMAS LEE
“On Jan 29, Fundstrat’s Managing Partner and Head of Research Thomas Lee claimed that Bitcoin was “re-entering” a bullish market. Specifically, he noted that the number-one cryptocurrency had crossed its 200-day moving average. This, he argued in his analysis, was a strong indicator of a bullish trend.
Now, Lee has doubled down on his last month’s prediction. Speaking to CNBC and Power Lunch co-host Kelly Evens, he affirmed that Bitcoin showed every sign of blasting through $40K in 2020.”