A BTC Faux Pas? Thomas Lee Still Sees BTC Reaching $25,000

[kreslik.news]

Wall Street strategist and Fundstrat cofounder Tom Leehas been described as a Bitcoin bull. However, Lee seems to be slightly less optimistic about where Bitcoin is headed before the end of the year–on CNBC’s Squawk Box, Lee appeared to shy away from his prediction that BTC would be worth $25,000 at the end of the year to a slightly more modest figure.

“Bitcoin has historically traded at 2.5 times its mining costs. It’s not out of the question that it could be over $20,000 by the end of the year at fair value,” he said, later clarifying that ... (read more)