Known bitcoin optimist and co-founder of Fundstrat Global Advisors Tom Lee is convinced that a fair price is the first cryptocurrency is in the range of $13 800 — 14 800, according to Bloomberg.
However, currently, BTC is trading around $3320. Such low current values the first cryptocurrency Lee explains too rapid rise in the past year, “catastrophic” macroeconomic climate, as well as the massive sales of digital inventory. ICO-projects.
The judgment of the analyst about the fair value of bitcoin is in the range of $13 800 — 14 800 based on the growing number of active BTC wallets, the factors of demand and different rates of use of the first cryptocurrencies.
“Fair price significantly above the current market value of bitcoin, shares his thoughts on Whether. — In fact, if you go from reverse to justify the current price of bitcoin, wants to cryptocell declined from 50 to 17 million”
Mass adoption and acceptance of bitcoin as an asset class, in his opinion, are key factors in the growth of cryptocurrencies after 2018. If the number of BTC wallets will reach at least 7% of the user base Visa 4.5 billion in accounts, according to the Volume model, right price the first cryptocurrency to be $150 thousand.
This time the analyst declined to share an updated forecast of the price of bitcoin.
“We are tired of people asking about the target price performance,”he said.
We will remind, recently you expressed the opinion that the bear market — “Golden time” for the bitcoin investors.
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