Fundstrat’s chief strategist predicts that Bitcoin will still have “exponential growth” – Bitcoin News


The head of research at Fundstrat Global Advisors stated that Bitcoin is still “exponentially growing.” While acknowledging the recent price fluctuations of cryptocurrencies, the strategist emphasized that so far, Bitcoin has regained lost ground in a short period of time.

Bitcoin still has “exponential growth”

Thomas Lee, managing partner and head of research at Fundstrat Global Advisors, talked about the prospects of Bitcoin in an interview with CNBC on Monday.

Lee is a Wall Street strategist with more than 25 years of experience in stock research. Before co-founding Fundstrat, he served as the chief equity strategist at JPMorgan Chase from 2007 to 2014.

Fundstrat strategists recommend investing in Bitcoin and emphasized that as cryptocurrencies become more mainstream, it will continue to “grow exponentially.”

While acknowledging the price Bitcoin Having suffered a decline recently, he insisted that it makes more sense to hold cryptocurrencies through volatility rather than trading volatility. He explained:

Every year, Bitcoin will earn all the proceeds within 10 days. If you do not hold Bitcoin within these 10 days, then you will fall by 25% every year. For me, the kind of carnage that happened over the weekend is painful, but very common.

Last week, Lee Comment Square CEO Jack Dorsey (Jack Dorsey) resigned as CEO of Twitter. Fundstrat strategists believe that Dorsey’s departure is good for cryptocurrency. He emphasized that it is still in the early stages of the encryption field, not only for projects such as Bitcoin and Ethereum, but also “the number of encrypted stocks and companies built around encryption.”

Lee is not the only one who has seen Bitcoin rise.Billionaire Barry Sternlicht, chairman of Starwood Capital Group, said last week that Bitcoin may Worth one million dollars One coin.At the same time, the CEO of Microstrategy believes that Bitcoin is becoming 100 trillion USD asset class. The founder of Tianqiao Capital stated that Bitcoin will Easy transaction of USD 500,000, Urge investors Buy bitcoin immediately.

Do you agree with Thomas Lee? Please let us know in the comments section below.

Image Source: Shutterstock, Pixabay, Wikimedia Commons

Disclaimer: This article is for reference only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any product, service or company. Bitcoin Network Does not provide investment, tax, legal or accounting advice. The company or the author is not directly or indirectly responsible for any damage or loss caused or claimed to be caused by using or relying on any content, goods or services mentioned in this article.


Source link

Recommended For You

About the Author: AZ