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23 September 2019

Bitcoin Price Catalyst Will Be S&P 500 New All-Time High, Says Tom Lee

Bitcoin Price Catalyst Will Be S&P 500 New All-Time High, Says Tom Lee


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Wall Street strategist and co-founder of Fundstrat Global Advisors Thomas Lee has argued that a strong macro outlook will provide the tailwinds for the next Bitcoin (BTC) bull run.

13, Lee broke with the narrative that investors buy into Bitcoin to hedge macro risks — viewing the asset as a safe-haven asset or type of digital gold. .

As noted, Lee’s forecast breaks with an opinion prevalent among many market analysts that a growing number of investors are betting on Bitcoin as a hedge against macroeconomic and geopolitical upheaval — to offset, for example, the risks associated the protracted United States-China trade war

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cointelegraph.com
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