Anthony Pompliano has indicated that holding assets for a long period of time is the best investment strategy.
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.
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.
The Treasury Department has concerns that Libra, as well as Bitcoin, could be misused by terrorist financiers and money launders, to carry out illicit activities ranging from cybercrime to tax evasion, extortion, and ransomware.
Analysts are pretty sure in their claims that Bitcoin prices could match their all-time high of $20,000 within the next two weeks, and, could actually hit $50,000 or $100,000 by the end of the year.
Here’s how the analysts are predicting higher targets for Bitcoin price based on the strengthening technical charts, growing fundamentals, and higher institutional participation.
Thomas Lee expects a FOMO to kick-in soon as the Bitcoin price crosses $10000 levels. Besides, upcoming events like Bitcoin halving could give a further push northwards to the cryptocurrency.
Bitcoin seems to be cementing its position above $5000 levels while preparing for the next big bull run.
Thomas Lee has updated his Bitcoin price forecast for this year. Now he predicts that it will reach $22,000 in 2018 instead of $25,000.
Although the cryptocurrencies market now is in its declining trend, Tom Lee is still very positive about the future of Bitcoin.