By CCN.com: With all of the crypto attention currently centered on Facebook’s Libra cryptocurrency, bitcoin could be gearing up for its best run to date. Fundstrat Co-Founder Thomas Lee believes that it is headed much higher in the near future, predicting that a fear-of-missing-out, or FOMO, will catapult the bitcoin price to $40,000 sooner than … Read more
By CCN.com: As Donald Trump and China continue to play Russian roulette with the global economy, the Dow Jones Industrial Average is doing just fine, thank you. Fundstrat Co-Founder Thomas Lee is an uber-bull, both in the stock and crypto markets. So for him to suggest that recent stock market declines from the highs represent … Read more
By CCN.com: Fundstrat Co-Founder Thomas Lee has been covering the stock market for longer than he’s been analyzing bitcoin. And while crypto has been a tough nut to crack, he’s got a pretty good track record with stocks. Lee’s scorecard bodes well for his latest prediction that the S&P 500 index will reach 3,125 by … Read more
Thomas Lee, co-founder of Fundstrat Global, doesn’t like to take sides in the bitcoin/Bitcoin Cash rivalry. But holding his feet to the fire, Lee would bet on the No. 1 cryptocurrency over its spin-off, Bitcoin Cash. Bitcoin and Bitcoin Cash advocates have locked horns over which is the better digital currency, and Lee’s decision isn’t … Read more
Bitcoin is trading in the green again, and the bullish forecasts are rolling in. Thomas Lee, Fundstrat’s co-founder and head of research, predicts that the crypto rally will continue and the bitcoin price could trade as high as $25,000 by year-end, according to an interview with CNBC. With the bitcoin price hovering at about $7,839 … Read more