Tom Lee: Bitcoin Rate Will Increase Sharply
Bitcoin should be traded at the level of $25 000 (currently, its price is about $3500).
That’s what one of leading analysts of Fundstrat Global Advisors – Tom Lee- claimed, reports Ethereum World News. The coin may increase to $25 000 and more if big investors from Wall Street enter the crypto area more actively and Bitcoin mining becomes more profitable again.
According to the expert, the market dropped because of crazy ICO situation in 2017. Lee does not agree that speculations made bitcoin hit its historical maximum in 2017 and told about long-time correction in 2018.
He highlights that now he refuses to name even approximate dates of recovery of the bull trend in the crypto market, but he claims that bitcoin will start growing and most of altcoins will follow it.