Wall Street Strategist Tom Lee Still ‘Confident’ Bitcoin Price Will Reach $25K In 2018
Bitcoin prices could hit $25,000 this year, Fundstrat Global Advisors’ Tom Lee has repeated to mainstream media.
Speaking in a telephone interview on the network’s Futures Now segment, Lee, who is famously upbeat about the largest cryptocurrency’s future, said the firm was “confident” about the prediction.
“We still feel pretty confident that bitcoin is a great risk-reward and we think it could reach $25,000 by the end of the year,” he said.
As commentators and trading analysts spied the start of a potential bull run, Lee reiterated Bitcoin was “oversold.”
“It’s pretty much what you saw at the end of the 2014 bear market,” he continued.
This week not only Lee, but also investment mogul Tim Draper has reconfirmed his belief in Bitcoin’s bigger and better future, telling the audience at his own Blockchain event Thursday that $250,000 was his BTC price target by 2022.
In January 2018, Lee had stated his prediction of $25,000 per Bitcoin by the end of the year, and put his 2022 Bitcoin price at $125,000.