$15,000 BTC in 2018? Still?

in #bitcoin6 years ago

Tom Lee went on CNBC and revised his 2018 Bitcoin price target from $25,000 to $15,000. As much as I respect Tom Lee, I'll discuss why I disagree with the $15,000 BTC price call. Let's also chat about Overstock.com going full steam ahead into crypto by selling their e-Commerce business and much more.

WSJ on Overstock.com
https://www.wsj.com/articles/overstocks-founder-bets-on-blockchain-not-bedsheets-1542969001

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Agree with you on the short term correlation with the equity market as it is about how risk is encouraged or not by leverage and/or the need for liquidity. I think the smart money is getting more cash positions ready for a potential extended downturn and that could be impacting cryoto in the short term.

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