RATE Group | Wall Street Analyst Says $25,000 Bitcoin Prediction in 2018 is Still in Play
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Wall Street Analyst Says $25,000 Bitcoin Prediction in 2018 is Still in Play

09 Jun Wall Street Analyst Says $25,000 Bitcoin Prediction in 2018 is Still in Play

Posted at 11:49h in Bitcoin News by

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The cryptocurrency market has slowed over the past few days, with Bitcoin holding price levels within the mid $7,000s. However, Robert Sluymer and Tom Lee, both from market analysis firm, Fundstrat, believe that this will change very shortly.

Tom Lee Reaffirms His $25,000 Prediction Again, This Time On Bloomberg

Tom Lee is by-far one of the most prominent cryptocurrency bulls out in the space right now, with regular appearances on mainstream media sources covering topics related to the cryptocurrency industry.

On Wednesday, Tom doubled down on his $25,000 prediction and has not wavered in his belief one bit.

One reason why he is holding strong on this prediction is that he believes that traditional institutions, like banks, will begin to pile into space as they see “lucrative” business opportunities arise. Lee also believes that the regulatory climate around cryptocurrencies will only improve as cryptocurrencies reach higher levels of institutional and retail adoption.

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