Fundstrat Analyst Tom Lee Reveals Bitcoin Price Prediction for 2021

Tom Lee gives his prediction on where we will see Bicoin in 2021

https://dailyhodl.com/2021/01/01/fundstrat-analyst-tom-lee-reveals-bitcoin-price-prediction-for-2021/

“First, Bitcoin’s got to be denominated in something. So if the dollar’s weakening, [and] Bitcoin holds its value, then Bitcoin goes up. But the more important effect is this year we did see a lot of central bank liquidity. The dollar was really strong, surprisingly, for much of the year, but its weakness now is going to make people think, ‘How do you keep a unit in sound money?’ A lot of people thought gold would be that store, and I think it still has a reasonable basis for someone to be long gold, but I think for younger folks and those who are in the digital generation, Bitcoin is that digital asset that they want to hold as a store of value.”

Lee predicts that Bitcoin’s 2021 will outperform its bull run in 2020, meaning “something above 300%” on the year.

 

Master Asked on January 1, 2021 in Predictions.
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