RATE Group | Tom Lee Would Put “Fresh Money” into Bitcoin Instead of Bitcoin Cash
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Tom Lee Would Put “Fresh Money” into Bitcoin Instead of Bitcoin Cash

26 Apr Tom Lee Would Put “Fresh Money” into Bitcoin Instead of Bitcoin Cash

Posted at 15:03h in Bitcoin News by

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As the Bitcoin Cash hard fork date approaches wall streets favorite crypto analyst Tom Leee sides with Bitcoin over Bitcoin cash for new money.

Lee Likes Bitcoin Over Bitcoin Cash

Tom Lee sat down with the panel of CNBC’s Fast Money once again to talk about the differences between Bitcoin and Bitcoin cash at the moment.

Lee who is a regular on such economic television shows as one of the market’s chief bullish advisors said that he prefers Bitcoin over Bitcoin cash for “fresh dollars” adding that “If I was putting new money to work, a fresh dollar, I’d be much more interested in buying a laggard that could attract inflows, rather than something that is potentially overbought.”

Lee saying that at the moment Bitcoin Cash is overbought references the recent momentum the currency is getting from the scheduled may 15 hard fork that will among other things increase its block size from 8 to 32 MB, thus increasing its transaction speed.

Bitcoin Cash itself is a result of a fork…

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