Bitcoin Can Go Up To $ 40,000 If It Exceeds This Important Level

Bithumb Is Picking Up Two Bitcoins, One More In Danger.

Bitcoin Can Go Up To $ 40,000 If It Exceeds This Important Level

 

Tom Lee, co-founder of market research and consulting firm Fundstrat, said that if the $ 10,000 was passed, a rise to $ 40,000 was likely in a few months.

 

Tom Lee, co-founder of market research and consulting firm Fundstrat, spoke about Bitcoin and crypto coins in Binance’s podcast.

 

Lee remains convinced that the biggest crypto currency of more than $ 10,000 will bring a new all-time high.

 

Lee says that the current level of Bitcoin is seen only in 5 percent of the days in history, and that in general, FOMO (fear of missing the opportunity) emerges when the price reaches the level seen in 3 percent of history. The strategist says it is very likely to reach $ 40,000 within the next 5 months after the $ 10,000 level has been exceeded.

Bitcoin Can Go Up To $ 40,000 If It Exceeds This Important Level

Bitcoin Can Go Up To $ 40,000 If It Exceeds This Important Level

On the other hand, Lee argues that the competition between different crypto currencies is meaningless compared to the enormous growth potential of crypto currencies as an asset class. Lee believes that the crypto money market can grow up to 1000 times if it can replace VISA and Mastercard as a major payment system.

The strategist also said that banks are currently having more than enough influence compared to the services they offer. Lee then discussed the importance of mobile phones in Africa compared to credit cards or bank accounts in terms of how payments are processed.

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