Tom Lee Won’t Make BTC Price Predictions Anymore

The Bitcoin (BTC) price prediction days seem to have come to an end for Mr. Tom Lee, CEO of Fundstrat.

According to a report by Bloomberg, in an email to his clients on December 13, the co-founder of Fundstrat explained that his team was “tired” of the predictions.

“We are tired of people asking us about target prices … Because of the inherent volatility in crypto, we will cease to provide any timeframes for the realization of fair value.”

Tom Lee became one of the most famous characters within the ecosystem of users and traders of cryptocurrencies for his constant statements reflecting his strong bullish sentiment. On several occasions, notably thanks to participations in various shows on CNBC, Mr. Lee used to make predictions in which he maintained that Bitcoin would end the year at a very high price.

An excerpt from Bloomberg’s article shows that perhaps beyond his tiredness, the reason could be due to the inaccuracy of his predictions:

“It’s easy to see why….