June 22, 2024

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%.

 

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.

“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.