Bitcoin Permabull Tom Lee Expects BTC to Take New Highs in 2020

  • Alex Morris
    📰 News

    Fundstrat’s Tom Lee remains bullish on BTC and shares with CNBC his view on the BTC price in the upcoming 20 months


Bitcoin Permabull Tom Lee Expects BTC to Take New Highs in 2020
Contents

Speaking on CNBC’s show the other day, Tom Lee explained his permanent bullish position on Bitcoin’s price and why he believes that in 2020 this asset will achieve new maximums.

‘Fundamental and technical signs are improving’

As per Lee, there are 11 signs that can be generally seen only in bullish crypto markets. Some of them, he says, have shown up. Among them are volumes of on-chain transactions, going above the 200-day MA, a golden cross formation and an increase of trading volumes in OTC markets.

Lee believes that both technical and fundamental factors for Bitcoin are improving, as well as activities by hodlers.

The head of the research division at Fundstrat reckons that now Bitcoin is about to enter ‘crypto spring’ after the ‘winter’, which was difficult for everyone in the crypto industry. He believes that by 2020 BTC may well get to new ATHs and make investors feel much better than now.

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Is $14,000 still a good BTC price?

Previously, when appearing on a CNBC show, Tom Lee mentioned that whales had started buying Bitcoin, which is a good sign, and that $14,000 is a ‘fair price’ for Bitcoin.

Earlier, Tom Lee also publicly mentioned that the Bitcoin Misery Index (BMI) had reached one of its highest points since 2016. When BTC soared 20 percent on April 2, the BMI had risen to 89 out of 100 maximum points, which is a very good sign, per Tom Lee.

Cover image via u.today
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BREAKING: Craig Wright Copyrights Bitcoin White Paper


BREAKING: Craig Wright Copyrights Bitcoin White Paper
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Dr. Craig S. Wright, the notorious Australian billionaire, who is known as a self-proclaimed Satoshi Nakamoto, has been granted US copyright registration by the U.S. Copyright Office. This is the first government organization that recognizes Craig Wright as Satoshi Nakamoto.

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Copyrighting Bitcoin

The Calvin Ayre-led outlet CoinGeek claims that Wright has been already granted registrations for the Bitcoin white paper, celebrating the fact that the first government agency admitted that Craig Wright is the real Satoshi. The outlets states that Wright also plans to copyrights Bitcoin Association.

As reported by U.Today, the scandal around Craig Wright turned into a major lawsuit battle that led to Binance and Kraken delisting Bitcoin SV.

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A misconception

Wright is yet to prove that he is the real Satoshi. However, the copyright filing doesn’t mean that Wright will be the owner of the Bitcoin white paper.

As per Wikipedia, copyright registration is often confused with the granting of copyright. In a nutshell, you can register whatever you want.

Cover image via u.today
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