Wall Street Bitcoin Bull Says Buy And HODL Despite Slump By Investing.com
Investing.com - Fundstrat Global Advisors' Tom Lee says the long-time funding technique of purchase and maintain shares applies to bitcoin, besides within the cryptocurrency world it could be a matter of purchase and HODL, which means maintain on for expensive life.
Lee is advising buyers to not promote even because the cryptocurrency's stoop drags on.
In a observe to purchasers, Lee says very similar to with shares, historic information exhibits buyers want to carry on to their investments in any other case they threat lacking the times of extraordinary beneficial properties.
Lee says have been it not for the highest 10 days of beneficial properties, bitcoin would have been down in yearly since 2013.
Lee is sticking to his bitcoin coin worth forecasts of $20,000 by mid-year and $25,000 by 12 months finish.
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