[2019-06-21]Wall Street Analyst claims Bitcoin will blast through all-time soon

[ppblockchain]

Thomas Lee, Fundstrat co-founder and head of research, told CNBC that he sees Bitcoin taking out its all-time high very soon.

“Well, you know I think bitcoin ultimately becomes a reserve currency in crypto, bitcoin at $9,000 has only been at this level in four percent of its history. We’re deep into a bull market and people are pretty silent about it. I think bitcoin is easily going to take out its all-time high,” said Lee.



Read more : https://paperblockchain.com/wall-street-analyst-claims-bitcoin-will-blast-through-all-time-high-soon/

[1715107494]

1715107494

[Slow death]

Thomas Lee, Fundstrat co-founder and head of research, told CNBC that he sees Bitcoin taking out its all-time high very soon.

“Well, you know I think bitcoin ultimately becomes a reserve currency in crypto, bitcoin at $9,000 has only been at this level in four percent of its history. We’re deep into a bull market and people are pretty silent about it. I think bitcoin is easily going to take out its all-time high,” said Lee.

He did not stop there, according to this news:

Tom Lee, who in a note to clients of his Fundstrat Global Advisors said 2019 could see BTC/USD reach as high as $40,000.

Source: https://cointelegraph.com/news/bitcoin-price-hits-new-2019-high-inching-closer-to-10-000-fomo

and we do not forget this:

DEC 13, 2018

Fundstrat’s Tom Lee Says Fair Value of Bitcoin to Reach $150K Per Coin

[BitHodler]

People focus on breaking through the all time high without realizing how much more difficult it is without hype, and more importantly, there are currently ~1 million more coins in circulation than when the price reached $20k in 2017.

Something that Tom Lee also doesn't seem to understand is that the crypto market as a whole is extremely irrational. The fundamentals he uses as metric to back his predictions don't apply most of the times.

I wonder if he with his strong believe that Bitcoin will reach whatever high level has a position in it. What's it worth to be an advisor but not actually buy yourself? If you're not buying yourself you're a rubbish advisor.

[pixie85]

Something that Tom Lee also doesn't seem to understand is that the crypto market as a whole is extremely irrational. The fundamentals he uses as metric to back his predictions don't apply most of the times.

He's a victim of the bitcoin hype. He saw big profits in 2017 and became overwhelmed. Maybe he made a lot of money and is now so happy with his profits that more profits is all he can see?
We don't call people like him believers but permabulls because a believer knows it will gain value in future but can understand and recognize a bear market. A permabull can't and Tom Lee proved that in 2018.

[dunfida]

~snip~

Im actually waiting for them to tell that 1btc would price up as high as Millions of dollars.
Honestly,im already tired on reading up these kind of so called speculations either positive or negative towards bitcoin.
It can possibly break ATH or not and no one does really know on what would happen next into this market but
lets not hurry on what we are currently seeing because it wont really go smooth as we expect.

[5ensei]

We all know that it is going to go over the all time high but no-one knows when it will happen. Hodling is the only way to guarantee that you will part of the parabolic event when it takes place, probably later this year

[veleten]

Thomas Lee has been at it since the dawn of times
if you make 10 different predictions , some of them might be even close to reality
he has been predicting > 150k growth at some point , I am sure whenever a bulls run occurs the prophecies will be even more generous and numerous
also media following the golden rule: when there is no news , post bitcoin price predictions , you cannot go wrong with them
people will always click on something like : A prominent scientist thinks the Earth will collapse by 2085 or , Wall street analyst says bitcoin will cost 236.999,99$ 
 

[carlfebz2]

Thomas Lee has been at it since the dawn of times
if you make 10 different predictions , some of them might be even close to reality
he has been predicting > 150k growth at some point , I am sure whenever a bulls run occurs the prophecies will be even more generous and numerous
also media following the golden rule: when there is no news , post bitcoin price predictions , you cannot go wrong with them
people will always click on something like : A prominent scientist thinks the Earth will collapse by 2085 or , Wall street analyst says bitcoin will cost 236.999,99$ 
 

I agree no more with this view which you are definitely right when it comes to those media who doesnt really have anything to publish but rather they do just simply allow those price predictions yet crypto people would really be interested or being caught attention with these kind of headlines and sad to say it really buys out well
due to curiosity.

We can really reach ATH anytime soon thats why these kind of predictions is pretty basic.

[rodel caling]

Thomas Lee, Fundstrat co-founder and head of research, told CNBC that he sees Bitcoin taking out its all-time high very soon.

“Well, you know I think bitcoin ultimately becomes a reserve currency in crypto, bitcoin at $9,000 has only been at this level in four percent of its history. We’re deep into a bull market and people are pretty silent about it. I think bitcoin is easily going to take out its all-time high,” said Lee.



Read more : https://paperblockchain.com/wall-street-analyst-claims-bitcoin-will-blast-through-all-time-high-soon/

I think this a moment of bitcoin goes into another all time high after 2017, the market as of yesterday is very suprising for fast and quick price increase of bitcoin and in past few hours bitcoin hit 11,000$ more the the mark level prediction and speculation from the different people.

[CryptoBry]

Thomas Lee, Fundstrat co-founder and head of research, told CNBC that he sees Bitcoin taking out its all-time high very soon.

“Well, you know I think bitcoin ultimately becomes a reserve currency in crypto, bitcoin at $9,000 has only been at this level in four percent of its history. We’re deep into a bull market and people are pretty silent about it. I think bitcoin is easily going to take out its all-time high,” said Lee.

Well, there is actually nothing new with this latest prediction by the famous Thomas Lee. As we know, this man is one of the most optimistic of all bitcoin believers and supporters to the point that he is already bordering to be unbelievable. Still, no matter what, maybe I should be thanking the man for always drumming up more attention to bitcoin than anybody of us here...seems to me that mainstream media loves him as well.

[figmentofmyass]

People focus on breaking through the all time high without realizing how much more difficult it is without hype

rising price actually has a lot do with producing hype. it's the incredible rallies that make mainstream media headlines and get the CNBC talking heads pumping crypto. this drives mainstream investors into the markets. this causes price to rise. rinse/repeat and you've got yourself a bubble.

it's no secret the bull market is what's driving various hype factors too. bakkt and fidelity are rushing their exchange products to market so they can capitalize on the bull market.

and more importantly, there are currently ~1 million more coins in circulation than when the price reached $20k in 2017.

there's also many, many more users now:
https://www.bloomberg.com/news/articles/2018-12-12/ranks-of-crypto-users-swelled-in-2018-even-as-bitcoin-tumbled

[1Referee]

Hodling is the only way to guarantee that you will part of the parabolic event when it takes place, probably later this year

That's true, but at one point you have to make a decision to either keep holding or to sell a part of your stack to buy back more Bitcoin lower.

What you have to remind yourself of is that you can't time the market. You will likely sell below the price that will turn out to be the top. People tend to get upset because they thought they sold the top, but it turned out to not be so. What some of them do is buy back in higher, and then get trapped waiting for the price to go back up while it's going to go down more.

Point is.... Stand firmly behind your decision to either secure profits or not. Don't act out of panic afterwards. You'll lose money.