Bitcoin Price Crash is Burning Man’s Fault & Fed Will Hike Rates 3x: Tom Lee

Fundstrat co-founder Tom Lee claims this week’s bitcoin price nosedived because the crypto-sphere is distracted by the Burning Man festival. Moreover, Lee predicts the Federal Reserve will raise interest rates 75 basis points by the spring of 2020. Lee, a bitcoin perma-bull, made the remarks to Fox Business News. During a segment with UBS Managing Director […]

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Bitcoin Could Break Through to a New High in 2019, Predicts Tom Lee

By CCN Markets: A debate has been raging about whether or not bitcoin should be deemed a safe-haven asset. After all, the leading cryptocurrency sure wasn't behaving like one and investors sure weren't doing a flight to safety in crypto while the equity markets were getting hammered this week. Even now, bitcoin is quietly holding […]

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Stock Market Bull Tom Lee: Buy the Trade War-Induced S&P 500 Dip

Stock market bull Thomas Lee of Fundstrat has invited investors to “back up the truck” and load up on the trade war-induced dip in the S&P 500. His client letter comes at the end of an action-packed week full of economic data, a landmark interest rate decision, and political wrangling that caused volatility to spike […]

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Bitcoin Still ‘Wildly Bullish’ Despite Sharp Recent Retreat, Experts Say

Despite the recent fall of Bitcoin, experts have not yet abandoned their bullish sentiment. In fact, it seems that current events have only served to reinforce this perception. While it is true that bitcoin experienced a sharp drop, breaking essential supports for swing and day traders, in a long term vision it is possible that […]

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Trump’s Crypto Roast Could Supercharge Bitcoin Price to $40,000, Predicts Analyst

President Donald Trump tweeted a blistering takedown of cryptocurrencies like bitcoin and Libra Thursday. But the savage Trump roast on Twitter might be great for bitcoin. It may even boost the bitcoin price to a new all time high. That’s Fundstrat Global Advisors Head of Research Tom Lee’s prediction. In an interview on Yahoo Finance, […]

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If Bitcoin Hits This Key Level, It’s Going to Make a Run for $40K: Tom Lee

By CCN Markets: The bitcoin price might have slipped below $8,000 for now, but it could be headed much higher in the near future. Fundstrat Global Advisors Co-Founder Thomas Lee is willing to put it on the line for bitcoin once again, making an aggressive short-term prediction on where the cryptocurrency could be trading if it can capture enough momentum. In an interview with Binance CFO Wei Zhou, Lee laid out his bullish case. Lee and Zhou agree that once bitcoin regains the $10,000 level, it will be “fast and furious” to $20,000. From there, it’s seemingly to the moon.

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Tom Lee: Bitcoin Close to Full-Blown FOMO as Price Nears Key 10K Level

By CCN: After a week in which bitcoin flirted with $9,000 for the first time in a year, Fundstrat’s Tom Lee cited data which suggests the point of no return is fast approaching. According to data from Fundstrat, when the value of bitcoin crosses the $10,000 barrier, it’s full-blown FOMO all the way. Labeled as ‘Level 10’ FOMO, this represents the equivalent value at which Bitcoin has soared in the past. Full Blown ‘Level 10’ FOMO Approaching for Bitcoin Global head of the Financial Times, Adam Samson tweeted the following graphic on Wednesday, along with this tweet: We are apparently

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What Trade War? Tom Lee Says the S&P 500 Could Return 23% This Year

By CCN: The stock market still has more runway for gains despite the trade war. Fundstrat Co-Founder Thomas Lee is doubling down on his year-end target of 3,100 for the S&P 500, which reflects gains of 9% from where the index hovers today. The S&P 500 has already climbed 14% higher year-to-date, and but the mood in the market has felt more like “doom-and-gloom” than “to the moon” as a result of the trade war tensions with China. Nonetheless, perma-bull Lee is confident that most stocks won’t feel the heat from the geopolitical fire. Good to discuss with @sullycnbc why

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$25,000 Bitcoin Price Next for Perma-Bull Tom Lee after Ringing Crypto Winter Dead

By CCN: Fundstrat CEO Tom Lee says the ‘crypto winter’ is finally over, offering 13 solid reasons to back up his claim. According to the bitcoin perma-bull, there’s nothing but blue sky between here and his $25,000 price prediction. If he’s right, then bitcoin has bottomed for this cycle and we have now entered a bull market. Lee’s 13 signs touched on everything from technical analysis, Wall Street involvement, bitcoin metrics, and generally positive sentiment. After a disturbing pullback to ~$6,200, #Bitcoin back >$8,000 further cementing positive trend intact. As we said a few weeks ago, Consensus 2019 @coindesk was

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