Tag Archives: Lee

Bitcoin to hit $11,500 by mid-2018, Tom Lee says

Bloomberg TV Tom Lee of Fundstrat has nearly doubled his forecast for bitcoin, calling for the cryptocurrency to hit $11,500 by mid-2018. Lee says that a recent dip in bitcoin’s price wiped out weak, low-conviction holdings, clearing the path for further gains. Well that sure escalated quickly. Tom Lee, the managing partner and head of […]

Bitcoin Isn’t ‘Too Expensive,’ Says BTCC Boss Bobby Lee

“There was a joke on social media, some guy lost his sex drive because he sold bitcoin after the China ban.” And with that, Bobby Lee, the CEO of China’s oldest cryptocurrency exchange BTCC, launched into a scheduled speech extolling the virtues of bitcoin. Coming at the end of day one of the two-day technical conference […]

BTCC Chief Bobby Lee on SegWit2x and China’s Bitcoin Exchange Ban

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. BTCC chief executive Bobby Lee does not think China currently has any plans to ease its hostile stance on domestic bitcoin exchanges, nor does he intend to reverse his support for the controversial SegWit2x hard fork that is scheduled to activate this […]

Wall Street strategist Tom Lee recommends risky over-the-counter bitcoin trust

A well-respected Wall Street stock strategist is increasing his bets on bitcoin. Fundstrat’s Tom Lee told clients in a Wednesday report that the Bitcoin Investment Trust, trading under the GBTC ticker, is an “attractive” buy. The move is a risky one for a strategist like Lee. The bitcoin trust is traded over-the-counter, rather than in […]

Bitcoin Hyper Bull Lee Says Lone Investment Trust Could Triple

Thomas J. Lee, one of the most bullish bitcoin advocates on Wall Street, says the lone investment vehicle available to institutional investors is cheap because the market isn’t taking into account the digital coins spawned from splits in the biggest digital currency. Shares of the Bitcoin Investment Trust could be worth $2,360 to $2,600 if […]

How to value a bitcoin with Tom Lee of FundStrat

In the first episode of “the bit,” FundStrat Global Advisor co-founder Tom Lee explains different methodologies for valuing bitcoin. Lee shares his short-term and long-term bitcoin price targets based on these valuation methods. Following is a transcript of the video. Tom Lee: I’m here with Sara to talk about why we believe bitcoin could reach $25,000 in […]

Fundstrat Founder Tommy Lee Unfazed By Bitcoin Drop

Tommy Lee, the notoriously bearish financial analyst and founder of Fundstrat, affirmed his position that Bitcoin is the best investment through the end of the year. Lee continued to espouse his strongly bullish position on an interview with CNBC, in spite of the recent double-digit drop. Other analysts have expressed strong disdain for the digital […]

Tom Lee sees bitcoin jumping to $6,000 next year

Bitcoin has had a stellar year and one of Wall Street’s top strategists thinks it can rise 40 percent more by next year. Tom Lee, co-founder of Fundstrat Global Advisors, established a mid-2018 target of $6,000 on the cryptocurrency. Bitcoin traded at $4,284.14 on Friday, according to Coindesk. For the year, bitcoin has surged nearly […]

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