Well known Bitcoin expert and co-founder of Global Advisors company Tom Lee believes that BTC rate growth is reasoned by FOMO syndrome and for some months already it will reach the mark in $40 000.
One more time the expert has expressed the opinion, that the first cryptocurrency is sure to update its maximum and achieve $40 000. “The bottom line, cryptocurrency winter, finished”, – Lee said.
Investment platform notes, that the financial analysts in the letter to his clients has stressed, that as soon as Bitcoin rate exceeds the point in $10 000, strong wave of purchases will move BTC price to new tops. Lee considers, that the first cryptocurrency must, at least, double its maximum price, which it reached in 2017.
According to Lee, after updating historic highs Bitcoin some time will be traded from $20 000 to $40 000. Let`s remind, that in May financial expert called 13 reasons, why “cryptocurrency winter” finished and came time of Bitcoin growth.