Fundstrat Analyst Tom Lee: Bitcoins Battle Tested, Promotes Optimism

Fundstrat Analyst Tom Lee: Bitcoins Battle Tested, Promotes Optimism


Tom Lee, managing partner at Fundstrat Global Advisors, expresses optimism about the future of Bitcoin (BTC) in an interview with CNBC. He believes that Bitcoin’s resilience in the face of regulatory crackdowns indicates its long-term viability. Lee also notes that the exit of bad actors from the crypto space has made room for more traditional financial players, such as BlackRock and Citadel, which could contribute to Bitcoin’s brighter future. According to Lee, miners are profitable and Bitcoin has strong technical support. He also suggests that Bitcoin’s popularity among millennials, who will soon inherit wealth, will lead to an increase in Bitcoin holders. At the time of writing, Bitcoin is trading at $30,668, up 1.8% in the last 24 hours.

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