RATE Group | Thomas Lee Predicts Gains of Over 100% for Bitcoin in 2020
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Thomas Lee Predicts Gains of Over 100% for Bitcoin in 2020

12 Jan Thomas Lee Predicts Gains of Over 100% for Bitcoin in 2020

Posted at 00:57h in Cryptocurrency News by

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  • The crypto community is on the fence regarding the May 2020 halving.
  • Fundstrat founder Thomas Lee believes that the halving along with two other catalysts will push bitcoin to greater heights.
  • Other analysts are also bullish on the orange coin as they predict that a new all-time high is on the horizon.

There’s an ongoing debate in the crypto community regarding the May 2020 bitcoin halving. Many are claiming that the bullish catalyst is already priced in. In other words, market participants who are expecting a sharp rise in bitcoin’s value once the halving occurs would be disappointed.

However, some heavy hitters believe that the halving is far from being priced in. One personality thinking along this line is Fundstrat founder Thomas Lee. The widely followed market analyst took to Twitter to share Fundstrat’s 2020 Crypto Outlook. The firm reveals that the cryptocurrency is poised to print gains of over 100 percent this year.

The Convergence of Three Catalysts to Send…

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