Tag Archives: Tom

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 […]

Exclusive from Australia: Gold-i CEO Tom Higgins says cryptocurrency is a natural progression and gives a comprehensive view of the future

Gold-i CEO Tom Higgins, a senior financial technologist with vast experience across London’s exchanges and in retail FX liquidity management R&D, looks back over 6000 years in the history of money and financial transactions, deducing that cryptocurrency bears resemblance to ancient methods of payment, and that it is a natural progression rather than anything revolutionary, […]

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 […]

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 […]

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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