"Past sell-offs were followed by rallies of ~150 percent within 84 days”: Tom Lee remains Bullish on Bitcoin
Many proponents of cryptocurrencies have often been bummed out about the general lack of interest among key U.S. stock market strategists to issue bitcoin price targets. However, the only major strategist from Wall Street who does it regularly seems to have continued betting on the most valued virtual currency in the world (by market cap). In his third such report since bitcoin’s downfall from a mid-December peak, Fundstrat’s Tom Lee has reasserted his optimistic outlook about the fate of the coin. If the name doesn’t ring a bell, Lee was J.P. Morgan’s top equity strategist before he co-founded Fundstrat Global Advisors back in 2014.