1 Top Cryptocurrency to Buy Before It Soars at Least 66% Within 10 Months, According to Fundstrat's Tom Lee
In recent years, few market strategists have made more timely calls than Fundstrat's Tom Lee. While most strategists were still bearish on the market after a difficult year in 2022, Lee turned positive and has ridden a bull market that has seemingly defied gravity and overcome every bearish indicator up until recent weeks. The broader benchmark S&P 500 Index has surpassed 6,100 on numerous occasions in recent months.Bitcoin (CRYPTO: BTC), the world's largest cryptocurrency, also rallied significantly, especially after Donald Trump's presidential election victory in early November. Lately, though, as the market has sold off, Bitcoin and many other tokens in the sector have given up gains as well. This hasn't stopped Lee from taking a bullish view. He believes Bitcoin can soar at least 66% before the year ends.Bitcoin has sold off and been extremely volatile in recent weeks due to weakening consumer sentiment and Trump's trade war. But Lee and his independent financial research firm Fundstrat actually entered the year with a near-term bearish outlook on Bitcoin after such a strong run, as discussed on the RiskReversal podcast:Continue reading
In recent years, few market strategists have made more timely calls than Fundstrat's Tom Lee. While most strategists were still bearish on the market after a difficult year in 2022, Lee turned positive and has ridden a bull market that has seemingly defied gravity and overcome every bearish indicator up until recent weeks. The broader benchmark S&P 500 Index has surpassed 6,100 on numerous occasions in recent months.
Bitcoin (CRYPTO: BTC), the world's largest cryptocurrency, also rallied significantly, especially after Donald Trump's presidential election victory in early November. Lately, though, as the market has sold off, Bitcoin and many other tokens in the sector have given up gains as well. This hasn't stopped Lee from taking a bullish view. He believes Bitcoin can soar at least 66% before the year ends.
Bitcoin has sold off and been extremely volatile in recent weeks due to weakening consumer sentiment and Trump's trade war. But Lee and his independent financial research firm Fundstrat actually entered the year with a near-term bearish outlook on Bitcoin after such a strong run, as discussed on the RiskReversal podcast:
