Wall Street Bull Tom Lee Confident BTC Will Bounce Back By Cryptovest


“Bitcoin Isn’t Broken”: Wall Street Bull Tom Lee Confident BTC Will Bounce Back

Fundstrat’s Tom Lee is convinced (BTC) has better days ahead – the long-time Bitcoin bull pointed toward a variety of factors, including Bitcoin’s gradually growing market dominance, which suggest the cryptocurrency is on an upward track.

Speaking to CNBC’s “Fast Money”, Lee said:

“The news that we have seen, from the SEC saying Bitcoin’s a commodity, to … the potential for an [exchange-traded fund] is causing investors to decide that Bitcoin is the best house in a tough market.”

Earlier this year, the United States Securities and Exchange Commission (SEC) ruled that cryptocurrencies were commodities, and followed that up with a statement in June which clarified that cryptocurrencies would not …

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.