- Oct 25, 2021
- Reaction score
Bitcoin Still Has ‘Exponential Growth Ahead’
Fundstrat Global Advisors’ managing partner and head of research, Thomas Lee, talked about the outlook for bitcoin in an interview with CNBC Monday.
Lee is a Wall Street strategist with more than 25 years of experience in equity research. Prior to co-founding Fundstrat, he was J.P. Morgan’s chief equity strategist from 2007 to 2014.
The Fundstrat strategist recommends investment in bitcoin, emphasizing that the cryptocurrency still has “exponential growth ahead” as it becomes more mainstream.
While acknowledging that the price of
Every year, bitcoin makes all of its gains in 10 days and if you don’t own bitcoin for those 10 days, you are down 25% a year. To me, the kind of weekend massacre that happened, it’s painful but it’s pretty common.
Last week, Lee
Lee is not the only one who sees an upside to bitcoin. Billionaire Barry Sternlicht, the chairman of Starwood Capital Group, said last week that bitcoin could be
Do you agree with Thomas Lee? Let us know in the comments section below.