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RE: "If Bitcoin breaks $10k, it's going to $40k"
Very few things can double... Yet, Bitcoin did double in the past 3months.
He is talking a move from ~3.5k to 40k... Thats hell of a lot more than double.
Idk. This is what causes the fomo. Lots of people looking at BTC now should have been looking at it during the fall down.
Anyways, Not the biggest fan of Tom Lee.
If you followed him before crypto like I did, you likely would be. He's been one of the best in the business when it comes to macro trends and equities.
And he's talking about it only taking a double to get back to previous highs when it gets to $10k, meaning it's likely possible again. Which is how institutions will likely look at it.