Well-known financial analyst Tom Lee (Tom Lee) predicts the growth rate of bitcoin to $91 000 in March 2020. This writes Forbes, presenting a chart that was used in the study.
Whether it is the authoritative expert in the world of Finance. From 2007 to 2014 he was chief analyst of the financial holding company J. P. Morgan Chase, subsequently becoming a co-founder of Fundstrat Global Advisors, where he manages research.
In order to calculate the approximate exchange rate for bitcoin in 2020, Tom Lee Fundstrat and experts used the average percentage gain after each drop of the course: after each reduction by 70% or more of the leading cryptocurrency showed a significant rise.
Forbes notes that the use of graphics, based on a logarithmic scale instead of the traditional linear, allows you to better analyze the growth and the depreciation of bitcoin, considering these developments in the relationship.
Note Whether the predicted increase in rate leading cryptocurrency even when the cost was under $3000. In July last year, the financial analyst said that bitcoin will reach $25 000 by the end of 2018.
In addition, in early March, Lee Fundstrat and staff presented the “poverty indicator-bitcoin” (Bitcoin Misery Index – BMI), which is also described as “reverse” index, demonstrating to investors just how “unhappy” the holders of the bitcoins at the current rate, and whether this is the time to buy cryptocurrency.
“When BMI is at the level of poverty in the future the returns will be very good”, — stated in the description of the developed method of forecasting.
Recall, an impressive forecast of the exchange rate for bitcoin in 2020 was made by the American computer programmer and entrepreneur John McAfee, saying that the leading cryptocurrency by this time will cost $1 million.
