Not Dead: There’s Good Reason to Be Long on Bitcoin
With western Christianity set to celebrate the basis of its theology this weekend, bitcoiners the world over might be showing up to churches in droves, hoping one resurrection might lead to another. The ecosystem’s main prophet, Tom Lee of Fundstrat Global Advisors, has outlined four reasons why enthusiasts ought to be bullish on the future: growing trust in digital everything, the awakening millennial boom, crypto recognized as a genuine asset, and Wall Street’s inevitable entry into the space.
Though it’s Looking Bleak, Tom Lee Believes There’s Good Reason to be Bullish on Bitcoin
Cryptocurrency portfolio holders have not had a great few months. In fact, it has been downright miserable, and appears to be getting worse. Enter Tom Lee, quarter century professional financial veteran, who has been relatively “on” when it comes to generally predicting bitcoin prices.
He recently gave a talk about the basis of the crypto economy, and why it matters. First, understand Mr. Lee is a researcher. This means fundamentally he manages no capital, but rather his entire business is based on the trust of his clientele.
His are not opinions in the advocacy sense, as he urges everyone listening/reading to come to their own conclusions. He’s merely presenting data and making inferences. He’s no idealogue. He’s not a cypherpunk.
https://news.bitcoin.com/not-dead-theres-good-reason-to-be-long-on-bitcoin/
