Main navigation

Fundstrat’s Tom Lee Claims Bitcoin Price Could Soon Hit $20,000

Tue, 18/06/2019 - 19:44
Fundstrat’s Tom Lee Claims Bitcoin Price Could Soon Hit $20,000
Cover image via
Read U.TODAY on
Google News

Tom Lee, the founder of Fundstrat, is as bullish as ever on Bitcoin, claiming that it will easily reach its new ATH during a recent episode of CNBC’s ‘Futures Now.’ The number one coin has recently experienced a slight pullback, currently hovering above the $9,000 level.    

Bitcoin Price Is Heading Towards $100,000 with Hardly Anyone Noticing: Analyst

Libra is good for Bitcoin

Lee claims that Facebook’s recent announcement is a ‘complete validation’ that mainstream companies are now focused on crypto. Hence, it flies in the face of those who try to push the “Blockchain over Bitcoin” narrative.

I think that this is actually a very bullish development for Bitcoin. I think it’s really bad for stablecoins.

Lee also thinks that the likes of Gemini will struggle with adoption, and Libra will become the dominant stablecoin.

Crypto Expert Max Keiser: Libra Doesn’t Compete with Bitcoin

Short-term price targets

Bitcoin has recently surged above $9,000 for the first time this year (Bitcoin only spent 4 percent of its days above this mark). Hence, Lee insists that we are currently ‘deep into the bull market.’

While commenting on Lee’s bullish prediction, Anthony Grisanti claims that he will long Bitcoin once it touches $9,500.

That would easily open the road to $10,000. Earlier, Lee said that this price level would trigger the highest level of FOMO.

I am putting my target at $10,200 and get out of the trade.

Ripple’s MoneyGram Deal Makes Bitcoin Go for $10,000

Bitcoin threatening fiat

Grisanti’s college Brian Stutland claims that Bitcoin can indeed as a hedge asset to fiat currencies that are controlled by central banks.

Central bank is just another way of creating socialism. Just print more money. Make everyone equal again

As reported earlier by U.Today, political turmoil is very beneficial for the crypto king.


Latest Press Releases

Sui Recognized as 2024 Blockchain Solution of the Year at AIBC Eurasia Awards
ElmonX Unveils ‘The Scream’ NFTs by Edvard Munch For The First Time Ever
World's First Bitcoin Layer 2 Conference to Unite East & West in Hong Kong, April 2024
Is Bitcoin Mining Legal? Regions in the World Where Mining Is Legally Permissible
Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program
AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions
VAP Group hosts the majestic Global Blockchain Show 2024 in Dubai
Digital Transformation Week Is Returning to Santa Clara This Summer
Arab Financial Services (AFS) Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
What To Expect from The Bitcoin Halving in April 2024
Testnet Launch for dWallet Network - Composable Modular Signature Network
ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux
Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding
Chromia’s Flagship Game ‘My Neighbor Alice’ Unveils 2024 Roadmap
First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days
CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event
Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024
Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland
Our social media
There's a lot to see there, too

Popular articles