In the next six months, the price of bitcoin will increase by 200%.

 

In the next six months, the price of bitcoin will increase by 200%, says Tom Lee.

Tom Lee is co-founderFundstrat Global Advisors, an independent research agency.

 

Known for having good forecasts in 2017, a Wall Street cryptanalyst, Tom Lee, continues to predict Bitcoin growth. According to him, the price will reach $ 15 thousand in 1.5 months.

In an interview with Yahoo Finance, Tom Lee said that he and his team are optimistic about the value of bitcoin in 2020.

Highlight:“We’re really optimistic on crypto and bitcoin this year,” @fundstrat’s Global Advisors Managing Partner & Head of Research Tom Lee says. “Whenever bitcoin breaks back into its 200 day, its average six-month gain is 197%.” pic.twitter.com/2tqzsuOV0m

— Yahoo Finance (@YahooFinance) February 4, 2020

“This year we are really optimistic about crypto and bitcoin. We think that due to the upcoming halving, growth will increase this year. ”

Recall that relative to the local minimum, bitcoin has already risen in price by 30%.

The main factor that can push through bitcoinabove the 2019 high, is the BTC halving expected in May 2020. Subsequently, a twofold reduction in the remuneration for mining Bitcoin blocks will be implemented, which will provoke a sharp increase in the price. Also, the price of the first cryptocurrency can be affected by the 2020 presidential election.