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Bitcoin Below $9,000, Biggest Buying Opportunity Of 2018?

Bitcoin financial analyst and Fundstrat exec Tom Lee thinks so.

Tom Lee: Bitcoin is still ‘king of the hill’ of cryptocurrencies, could more than double in 2018

 

The first major wall street strategist to cover bitcoin, Fundstrat’s Tom Lee believes that bitcoin will top $25,000 by the end of 2018.

In a report release by Lee, the strategist notes that bitcoin could hit the $125,000 mark by 2022 despite the currency’s recent slide.

“We expect bitcoin’s major low to be $9,000, and we would be aggressive buyers around that level,” Lee said in the report. “We view this $9,000 as the biggest buying opportunity in 2018.”

While bitcoin and altcoin markets have taken a huge hit thus far in 2018, it’s important to keep in mind that the bitcoin price is still trading higher by approximately 800% since January 2017.

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