During the last few days we have exposed on the end of the year 2019 for the cryptocurrencies, particularly Bitcoin. On this occasion, we continue with the topic of projections to 2020, exposing the position of another famous character of the market: Tom Lee.
Contents
About Thomas
Starting with a brief description of the character for people who don’t know yet. Noting that his full name is Thomas Lee, being a researcher, a financial professional since 1993. With the experience accumulated and the accumulated capital, he founded the financial services firm Fundstrat. In addition, Lee is famous for his appearances in the media, being a guest desired by its explanatory power. Related to his interest in new trends, including Bitcoin. Highlighting is also active through his official Twitter account.
About 2019
In an interview with the people from CNBC, Lee explained his perspective of Bitcoin, from its behavior during 2019 to its projection to the future. She started by explaining that Bitcoin had a good year 2019, achieving the volatility generated during the year. Emphasizing that it refers to the sudden drops in the market during the year, as the most recent in September. Commenting the following to expose your point: “After all, its price [Bitcoin] is currently more than double what it was at the beginning of the year.”
Projections of 2020
Later Lee commented on a projection that we discussed previously, about Bitcoin reaching $250,000 for 2020. Emphasizing that you agree with this assertion, however, is much more optimistic. It raises the more realistic case is that Bitcoin reaches this value for 2025, but it does not deny the possibility to occur the next year. In your opinion, what is certain is that the year 2020 will be better for Bitcoin, noting that this phenomenon will spread to the rest of the criptomercado. Given that his comment was the following:
“2020 must be the best for what crypto to 2019”
However, it recognises that there are challenges that can be submitted to Bitcoin in particular. Stressing that the currency is by nature sensitive to negative events. Therefore, he concludes clarifying that the success of 2020 will depend on whether it manages once again to overcome the obstacles that will come. Finally, for your confidence in the 2020 poses the following idea to the people who hear his message of Bitcoin:
“The easiest way to make money in crypto is to position itself in Bitcoin”
We invite you to leave in the comments your opinion on the end of the year of Bitcoin, their expectations for 2020 and its opinion thereon, the projection of Tom Lee. The following two tabs change content below. I am a student of economics, interested in innovation and technological development, always faithful to that tomorrow will be a better day.