$ 25,000 in 2018: Bitcoin Bull Tom Lee Sticks Strong Forecasting Failed But Failure

The widely followed cryptocurrency analyst may not have the implementation of Thomas Lee's short-term market forecast, but he sticking with his bullish long-term forecast despite the barrier. If anything, Fundstrat Global Advisors' Lee has been scrutinized in his heels, which repeated the forecast of around 25,000 bt a year.

what happened

In the last week's Consensus conference, Lee said, "Blackachen's innovation should be a catalyst for the market for a combination of" Sensecate Check "for non-marketers." Instead, instead of 10% of the big cryptocurrency market, he told CNBC: "Obviously, we were very optimistic."

Source: Bloomberg

Lee's prediction has been unfolding like the clock so far, that he was correctly told, that the tax sales pressure was included in the 2018's first quarter weighing on the price of Bitcoin through. But perhaps in spite of this, there was a very high expectation of any conference to hold strong voting

The inauguration of the blockchain last week was the single event, which has stirred enthusiasm about the market among the newcomers, if only for Longhighs, that Midtown was parked outside of Manhattan. But that does not necessarily mean that investors should invest or make any sudden decision. If anything, the participants are probably researching CryptocoRuindbunds and now the market is on their radar and they understand that it is even better.

Li did not be prominent, but part of the institutional investors was harmful to enter the market, whose regulatory transparency was perfect. It is not that he expected a complete regulatory framework through formalities, but he admitted in the CNBC that the regulatory shield was slightly negative.

"Crypto still faces significant internal resistance and barriers in traditional financial institutions." But it is also a big part of the growing presence of financial institutions, however, "according to Lee.@ausharya