Why Bitcoin will rise in price. Cryptocurrencies will save the U.S. dollar

0

Chief analyst at Fundstrat Tom Lee remains optimistic about the future of the blockchain-industry, he cited several reasons for the growth in the value of digital money

The volatility of Bitcoin should be much higher, given its small capitalisation, so the stability of the exchange rate of the cryptocurrency is pleasantly surprising, the analyst said Fundstrat Global Advisors Tom Lee in an interview with CNBC. The expert added that the coin was found reliable at least at the level of $6,000, this year, its price will not fall below.

Lee argues that bitcoin lacks Fiat investments, that will be a real Testament to the spread of new assets. This will happen together with the launch of Bakkt and Fidelity, also the growth rate may be affected by the weakening US dollar.

“A strong dollar is a deterrent to bitcoin. For cryptocurrency will be a positive factor for the weakening of the dollar,” — said the expert.

Early in the year you made a forecast that until the end of 2018, the cost of bitcoin will rise to $25 thousand, after which in July the expert has lowered expectations to $22 thousand.

More news on cryptocurrency can be found in our telegram channel RBC-Crypto.

Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.