div > div.group > p:first-child"> The digital currency has had a difficult run since hitting its all-time high, sinking from its peak near $20,000 per coin in late 2017 to its current trading price of less than $4,000. The CME bitcoin futures curve is up nearly 6 percent year to date but has also fallen significantly from the 2017 peak.
And while Lee also noticed that bitcoin's technical indicators are stabilizing, with the digital currency managing to hold above its 200-week moving average, his thesis centered on the bigger picture. "Fidelity's launching digital custody. Bakkt is going to launch an exchange. We've already seen some high-profile endowments, and pension funds actually invest new money this year," he said."So I think, as an asset class, it's still the earliest days, but I think it's too glib to dismiss the macro."
Another wave of fraud is coming
doesn't matter what everybody says... as long as cryptocurrencies are used and adopted to give us more freedom and better life, its all good.
When buy means sell.
Tulips
The guy seems nice enough but has absolutely ZERO credibility at this point, why does CNBC keep bringing him back? Seriously. Investors who listened to him got wiped out. You only get one shot on the big stage and he blew it.
Hahaha
I like what fundstrat said, “Bitcoin is starting to look like the reserve currency for digital currencies in general.” That a significant and abstract idea that most people aren’t even aware of.
Another hedge fund that bought millions at $10K hoping for $40K and now just want to break even. They have figured out how to hack the block chain.
Also Tom Lee: Bitcoin will end 2018 at $15,000.
I’m all in.
I’m positive on Bitcoin and I don’t even believe this guy anymore. He’s been wrong more times than the weathermen in the Bermuda Triangle