According to Tom Lee – the founder of Fundstrat Global Advisors, within five months after Bitcoin rate exceeds $10 000, it will reach the point in $40 000.
During the interview with Binance financial director We Zhou Lee has claimed that as soon as BTC rate comes to the mark $10 000, this will be impossible to stop it. Investment platform notes that level of $10 000 is one of the most important, what is more it`s exactly the half of historic high in $20 000.
By the way, Lee believes that the major factor will become FOMO – lost profit syndrome. After Bitcoin achieves $10 000, a lot of people will consider that they lose profit and will try to “jump into the outgoing train”. This moment will make BTC rate rise even more explosive.
Earlier Tom Lee has expressed his meaning, that returning Bitcoin rate to $8 000 after its drop to $6 400 signals about the end of “cryptocurrency winter”. He provided 13 signs of “bear” market finish and that Bitcoin is expected to grow.