While he may begin to sound like a broken record, Fundstrat’s Tom Lee still isn’t ruling out his end-of-year BTC price prediction of $25,000. Earlier in the year, Lee declared that Bitcoin would reach $20,000 by the middle of the year before ending 2018 on a high note by setting a new record high. With the first half of the prediction looking unattainable, the Fundstrat analyst is refusing to back down.
$25k Bitcoin by the End of Year is Completely Reasonable
Lee affirmed his $25k BTC price prediction in a recent interview with Bloomberg saying that it was “completely reasonable.” According to Lee, the number cryptocurrency should be expected to surpass its previous all-time high. The Fundstrat analyst pointed to the emergence of more visibility in institutional activity. In the last few months, companies both within and outside the traditional cryptocurrency ecosystem have launched products and services targeted at large-scale investors.
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