tom lee

Bitcoin Could Be Poised For a Huge Breakout: Fundstrat’s Tom Lee

As 2019 approaches its end, many are sharing their views on what 2020 and the future of Bitcoin may look like. Fundstrat’s Head of Research, Tom Lee, seems to be very optimistic. The end of the year for crypto usually means the time when prices are surging, although this seemed more and more unlikely in...
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Why Bitcoin Price Crossing $10,000 is so Important: Top Investor Explains

For some reason or another, Bitcoin investors have long gravitated to round numbers. $1, that’s important. $100, make sure you watch that level. $1,000, all hands on deck. According to a prominent cryptocurrency investor and commentator, there’s truth to the importance of these round numbers, especially in this nascent market.Related Reading: Last Weekly Golden Cross...
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Bitcoin Permabull Comes Out Against ETF Hopefuls; Here’s Why

The launch of a U.S.-regulated Bitcoin exchange-traded fund (ETF) has long been the dream of cryptocurrency investors — they believe that such a vehicle would catalyze mass inflows, kicking off BTC’s largest bull run yet. Though, the past few years haven’t been too kind to cryptocurrency ETF hopefuls.Just last month, the U.S. Securities and Exchange...
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Fundstrat’s Tom Lee: 99% of USD is Speculative, Why Discredit Bitcoin?

Bitcoin critics say that the cryptocurrency should never be regarded as a means of exchange because it’s mostly used for speculation. Fundstrat’s Thomas Lee disagrees with this statement, saying that most of the US dollars are used for speculation as well. Almost 99% USD Activity is Speculation Venture capital firm Castle Island Venture recently interviewed...
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Bitcoin Price Stays Stable despite Federal Reserve Cuts Rates

For the third time this year, the U.S. Federal Reserve has cut interest rates amid a global economic slowdown. However, BTC price stays stable. The U.S. Federal Reserve has lowered interest rates by a quarter of a percentage, exactly rate by 25 basis points to a range of 1.5% to 1.75%, as it was expected....
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Bitcoin Bull Market Has Resumed Says Tom Lee

Bitcoin has largely held on to gains made over the weekend and remains almost 25% higher than it was trading late last week. A number of industry observers have been typically disparaging, calling it a manipulated pump and dump but as yet markets are holding steady. Bitcoin Predicted Pullback After any huge surge, there will...
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30% Bitcoin Price Boom Coincides With Dow Jones Surge to Near Highs

Over the past few months, Bitcoin (BTC) has been lauded by economists, investors, and commentators as an up-and-coming “safe haven” asset. However, it seems that the cryptocurrency is still at least macro and tangentially correlated with traditional equities.In fact, on the day that U.S. stock indices, namely the S&P 500, approached and effectively tapped its previous...
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Tom Lee Says Bitcoin “Must Now Consolidate New Gain”

Bitcoin (BTC) now needs to consolidate its gains, according to the prominent investor and Wall Street strategist at Fundstrat Global Advisors. Tom Lee says that realistically, now is the period when Bitcoin (BTC) needs to consolidate the gains. In an interview posted on October 22 on BlockTV, Lee who is a renowned Bitcoin bull, co-founder...
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Bitcoin needs to be valued at around $150,000 to handle Bitcoin ETF demands

The prospect of a Bitcoin ETF came crashing down a few weeks back when the United States’ Securities and Exchange Commission [SEC] rejected the last standing Bitcoin ETF application submitted by Bitwise Asset Management, on the grounds that a regulated ETF may lead to “manipulative acts and practices.” In what could be yet more bad...
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Bitcoin ETF Only Possible if Price Breaks $150K, Tom Lee Says

Bitcoin’s price has to be about $150,000 to be liquid enough for a related exchange-traded fund (ETF), Fundstrat’s Tom Lee said in an interview with BLOCKTV. Bitcoin ETF is Years Away A Bitcoin ETF is a few years away from now, according to Thomas Lee, co-founder of market research firm Fundstrat. Contrary to popular belief...
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Bitcoin Price Likely to Breakout Alongside S&P 500, Says Tom Lee

US stock index S&P 500 is moving towards new highs, and that can be a catalyst for another Bitcoin rally, says Thomas Lee, Head of Research at Fundstrat. Bitcoin to Benefit from Stock Market Confidence While the largest cryptocurrency has proven to have a low correlation with traditional markets, a stock market rally could add...
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UFC Fighter Ben Askren Shills Bitcoin, Gets Roasted by ‘Twitter Geniuses’

Professional UFC fighter and unabashed bitcoin bull Ben Askren took to Twitter yesterday to tell everyone he’s piling up on BTC and challenge the crypto haters. In a fairly confrontational tweet, Askren dared all of the “twitter geniuses” to explain why “crypto is a scam,” resulting in several gibes at his expense. UFC Fighter Gets...
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Tom Lee Believes Bitcoin Is Still Too Small For Institution Interest

This time last week, the Bitcoin news first showed that there could be a potential drop to $6,000 for the most dominant cryptocurrency. Some analysts even pointed to the $3,000 as the next level for Bitcoin. And even though there are still many people who think that Bitcoin is trapped, fewer of them think that...
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Tom Lee: Bitcoin (BTC) Is Still Too Small For Institutions

Bitcoin (BTC) has maintained a hold above $8,000 for the past few days and it appears to be consolidating here. The Bakkt futures launch a couple of weeks ago was hugely underwhelming and industry experts suggest that bitcoin and crypto is still too small for institutional interest. Bitcoin Price Holds Support BTC topped out at...
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‘Rule Of 10 Best Days’: Here’s How to Capitalize on Bitcoin as per Fundstrat’s Tom Lee

In recent news, Thomas Lee, the co-founder of Fundstrat, tweeted a reminder to all the crypto enthusiasts and traders that the majority of Bitcoin gains come from the rule of 10 best days. While today the crypto markets are starting to look a little alive and is seeing a somewhat green pattern, Tom Lee from...
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Bitcoin Price Drop to $8,000 “Not a Bad Thing”; Here’s Why

Over the past few days, Bitcoin has been absolutely slammed by sellers. After the launch of Bakkt’s physical Bitcoin futures failed to move the cryptocurrency market, the BTC price tanked, falling off a proverbial cliff in a spectacular fashion.Related Reading: Bitcoin, the Best Performing Asset Ever, is “Still Very Cheap”: Prominent InvestorWithin the span of...
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Fundstrat’s Tom Lee: Bitcoin Bull Market Will Follow S&P 500 Surge

Global equities need to post fresh highs before Bitcoin re-enters its bull market, one of the industry’s best-known analysts has said. Lee: Bitcoin Needs To Quit ‘Trendless Macro’ Phase In two tweets beginning on September 25, Fundstrat Global Advisors founder Tom Lee calmed fears about the state of Bitcoin 00 markets.  The largest cryptocurrency fell...
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Tom Lee: Bakkt Brings the Legitimacy Bitcoin’s Always Craved

Bitcoin aficionado and Fundstrat cofounder Tom Lee says he’s more bullish on the crypto sector than ever, remarking that Bakkt’s imminent launch could bring some much-needed legitimacy to the market. Lee tweeted that Bakkt’s launch should bode well for the highly-lauded hopes of institutional involvement in the cryptocurrency industry. Tom Lee looks forward to the...
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Bitcoin Price Back Above $10k, Targets New ATH Amid Bakkt Monday Launch

Bitcoin price has climbed back above $10,000, just days before Bakkt officially launches. Could back be the long-awaited Bitcoin savior? Will we see another all-time high before 2019 is over? Crypto enthusiasts are almost always in a perpetual waiting state, in the hope that the market will pick up and keep on rallying, even when...
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Tom Lee Is Certain That Bakkt Will ‘Improve Trust With Institutions To Crypto’

The Fundstrat Global Advisors co-founder and a popular Bitcoin bull is in the latest cryptocurrency news again. As the news show, Tom Lee is certain that cryptocurrency will gain trust from the incoming launch of institutional trading platform Bakkt. Lee posted a tweet on September 19, joining the increasing number of Bitcoin figures that are...
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Bitcoin-Pumping Wealth Advisor Licks Chops Over Fed Meeting

A $10 billion wealth advisor predicts the next Fed rate cut will launch the bitcoin price to a new yearly high. There’s just one problem. | Source: Jim WATSON / AFP (i), Jan von Uxkull-Gyllenband/Shutterstock (ii). Image Edited by CCN. The Federal Reserve will hold its next policy meeting tomorrow, and analysts predict that the...
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Bitcoin Rally Will Come Only After Surge in S&P 500 Stocks, Says Fundstrat’s Tom Lee

Popular Bitcoin Bull and Fundstrat exec Tom Lee, has said that there is a correlation between the equity market and the Bitcoin market. Lee says that Bitcoin with reach a new all-time high after the S&P 500 stock does as well. The cryptocurrency market is purported to be a break from the traditional markets, especially...
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VanEck’s Limited Bitcoin ETF Loses Steam, Manages to Issue Only 4 Bitcoins

The VanEck’s Limited Bitcoin ETF has proved unimpressive so far with only 4 BTC tokens issued. Some crypto experts have also slammed VanEck for its marketing gimmick saying the product is nowhere close to real ETF. After months of regulatory scrutiny, VanEck-SolidX launched a limited version of its Bitcoin ETF last week. Not having the...
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VanEck SolidX Bitcoin Trust Falls Flat on Expectations

VanEck has been offering “forward-looking” strategies for over half a century. But its VanEck SolidX Bitcoin Trust ETF for institutional investors looks to be a non-starter. VanEck has been in and out of the headlines in the Bitcoin circle for some time now since it submitted first highly scrutinized and hotly anticipated Bitcoin ETF proposal...
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Fundstrat’s Lee: Doubles Down on Cheery $20k Bitcoin Prediction

Bitcoin has a tough, tough week. According to price trackers, the cryptocurrency has shed 20% in the past seven days, resulting in mass panic and fears of a return to a bear market. This week was so bad for the market that the Bitcoin Fear and Greed Index — an index derived from market sentiment,...
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