Tom Lee: as soon As the respite of bitcoin is complete, we expect new highs

Analyst at Fundstrat Global Advisors Tom Lee is once again highlighted the importance of the largest digital currency as the best form of capital preservation. He told about it on air of TV channel Fox on Thursday.

On the question of the presenter about the value of BTC as safe haven expert replied that we see the vitality of bitcoin, even in conditions of domination of the bearish sentiment in the market.

Tom Lee said:

You can see it in the markets. Where there is unrest or a different kind of instability, the local prices of bitcoin are growing and are trading at a premium, because people are trying to find ways to protect their money.

The analyst recalled that in December last year, bitcoin was trading just above $3000, and many predicted the imminent collapse of the coin.

However, over the last more than six months, BTC not only withstood the pressure, but jumped to $10-12 000. This suggests that the digital asset has the right to life and has a great future.

According to Lee, now a bitcoin is «resting» after the recent spurt, so the coin is a few days significantly lost in price. But once the break is complete, BTC will resume its upward movement and show us new highs by the end of 2019.


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