Thomas Lee, head of research at Fundstrat Global Advisors, is the latest Bitcoin trader and bull to predict an increase in the asset’s price.
In his last tweet, Tom Lee pointed out that Bitcoin is subject to 40 to 50% corrections. And this, according to him, is part of the “DNA and history” of cryptography.
In that sense, he stated that, in general, such price corrections do not affect the fair value of the asset. In addition, he stressed that the crypto has the potential to reach the mark of US $ 100 thousand.
Therefore, he noted that the current price, below the $ 58,000 ATH, is an ideal time to buy the crypto.
Bitcoin: trupica, but does not fall
Despite recent massive sales, the maximalists remain optimistic about Bitcoin. The CEO and co-founder of the Real Vision Group, Raoul Pal, is one of them. Recently, he even celebrated Bitcoin’s price drop.
In fact, he recommended that investors take advantage of falling prices and switch to “buy diving mode”.
Likewise, MicroStrategy CEO Michael Saylor predicted that up to 8 billion people will invest in Bitcoin.
At the same time, Saylor highlighted Bitcoin’s achievement of a trillion dollar market value in 12 years. He emphasized that the value surpassed several technology companies that took decades longer than BTC.
In December, when BTC hit $ 29,000 for the first time, Fundstrat estimated that Bitcoin would rise 300% in 2021.
More precisely, it set its price target for the cryptocurrency at $ 100,000. The target price coincides with the prediction of another BTC maximalist, Anthony Pompliano. The Morgan Creek Digital executive once said that before the end of the year, Bitcoin would rise to $ 100,000.
At the time, Pompliano said he was optimistic about the price of BTC amid the weakness of the dollar and the growing institutional demand.
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