As bitcoin’s falling prices makes for a negatively fueled mainstream media headline, the market’s top fund managers are not fazed. Instead, they believe the market is still in an uptrend and is poised to keep increasing.
Tom Lee of Fundstrat Global Advisors, a Wall Street fund which has been historically bullish on bitcoin, strongly believes that the digital currency is still in a bull phase. In a note to clients, Lee was bullish on bitcoin even after a 70 percent fall from its all-time high in December 2017.
Lee compared the 70 percent decline to that of mid-2013, a retreat that was followed by a 700-plus day rally of more than 55,000 percent.
More on this thru
https://btcmanager.com/wall-street-fund-predicts-a-91000-bitcoin-price-in-2020/.
As always, please do not get too carried away by these predictions and always do your own research....
