RATE Group | Tom Lee Says Bitcoin ‘Isn’t Broken.’ Actual Events Prove Him Right
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Tom Lee Says Bitcoin ‘Isn’t Broken.’ Actual Events Prove Him Right

10 Aug Tom Lee Says Bitcoin ‘Isn’t Broken.’ Actual Events Prove Him Right

Posted at 01:49h in Bitcoin News by

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Despite the sharp fall in Bitcoin (BTC) last week, Tom Lee, CEO of Fundstrat, is still spreading his strong bullish sentiment. In an interview for CNBC, Mr. Lee commented that Bitcoin (BTC) still had enough reasons to increase its value and that in fact, in the middle of the bearish market, there are signs to show that it is clearly the king of cryptocurrencies.

Tom Lee on a previous interview, explaining why the gap between BTC (BTC) actual prices and 200 MA is a bullish signal

According to Mr. Lee, even after the overall bearish trend, Bitcoin’s dominance increased in proportion, which is a clear indicator of investors’ confidence in Bitcoin’s strength and its potential as a real and verifiable asset.

 

He also believes that although last week’s news fueled a robust bearish run, the announcements may actually have attracted investors with a more strategic and long-term business plan.

The news that we have seen, from the SEC saying bitcoin’s a commodity, to … the potential…

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