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FundStrat’s Tom Lee is bullish on BTC as BitBot scoops $3.3 million

From invezz.com

In an interview with CNBC, Tom Lee insisted that US stocks and Bitcoin had more upside. He noted that Bitcoin could blast to over $150,000 by the end of the year while equities will continue the current surge. First, he expects that US inflation will drop in the coming months. That decline will be driven by insurance and housing, which have been in a strong uptrend recently. As a result, if this happens, he expects that the Fed will start cutting rates sooner than the market expects. In line with this, the upcoming US inflation and retail earnings will be critical. Analysts expect the data to show that the core CPI, ... (full story)

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  • Category: Fundamental Analysis