Saying that Bitcoin can be viewed as a safe haven for investors, Thomas Lee added that Bitcoin has “done very well this year”. He still stays very optimistic about further BTC performance.
Bakkt Digital Asset Summit highlighted important developments in the launch of Bakkt Bitcoin Futures, which beta release is expected today. CFTC commissioner Dawn Stamp acknowledged the high demand for the derivative product.
JPMorgan expanded its S&P 500 prediction which now stands at 3,200 from initial 3,000. The new target exceeds that of popular stock market bull and Fundstrat co-founder Thomas Lee who initially set the 3, 125 level.
Bitcoin bull and Fundstrat analyst Tom Lee believes that crypto winter is already over and Bitcoin is preparing to reach new highs in 2020.
A growing number of banks have started to understand the power fo digital assets in moving money across the borders in a fast, cheap, and transparent manner.
Analysis of the Bitcoin mining cost metrics conducted by Fundstrat’s quantamental strategist has led the market research firm to predict an upcoming rise of the flagship cryptocurrency.