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Bitcoin Could Break Through to a New High in 2019, Predicts Tom Lee

From ccn.com

A debate has been raging about whether or not bitcoin should be deemed a safe-haven asset. After all, the leading cryptocurrency sure wasn't behaving like one and investors sure weren't doing a flight to safety in crypto while the equity markets were getting hammered this week. Even now, bitcoin is quietly holding onto $10,000 but not before having dipped below that key level in recent days. Bitcoin bull and Fundstrat Co-Founder Thomas Lee is not the least bit spooked that investors didn't flock to bitcoin while the stock market – rightfully or wrongfully – signaled a recession. Lee told Fox Business that bitcoin, in ... (full story)

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  • Category: Fundamental Analysis