"If Bitcoin breaks $10k, it's going to $40k"
One analyst thinks if we can break $10k, prices are going to fly.
Tom Lee of Fundstrat Global Advisors says that once $10k is broken we could and should see new highs shortly after...
His exact words:
"If bitcoin somehow manages to get to [$10,000], 'it's very likely going to make a run to $40,000 within five months."
Not only is he calling for new highs ($20k) but he says $40k is likely and it would happen as soon as 5 months from the $10k break!
Now that's what I like to hear.
Why does Mr. Lee think that?
His reasoning:
"Every institution is going to realize, look at $10,000 it's likely to go back to its all-time high, which is double. There are very few things that can double. So I think FOMO truly gets triggered once bitcoin hits $10,000."
Now, it sounds like we just have to wait for $10k!
Stay informed my friends.
Image Source:
-Doc
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.
And when bitcoin hits $100,000 it will go to a million.
We seriously are at the start of another bull run, and a lot more people are onboard then in any time in the past.
Bitcoin ATMs are seriously everywhere.
The only question is whether there will be a financial panic along with this bull run.
Agreed. Onboarding people into bitcoin has never been easier. Though still not quite where we really need to get to. Once all the major retail brokers allow bitcoin trading the floodgates truly open. I'm talking the Etrades, TDA, Schwab, and Scottrades of the world...
I like the sound of 40K 👍😁👍
Me too.
Happy for wait for 10k while o keep stacking! I don’t see how BTC going on another run benefits crypto just yet still very few projects with merit making an impact! But 40k would be insane never the less!
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Well it likely pulls in billions of outside dollars, some of which likely spills over into other projects.
No offense to the respectable men, but I that's pretty obvious!!
And that´s why it´s time to buy before those institutions start to boost the price like crazy!
Well then, hopefully him, and you, are right!
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well nowadays when lee says that i don't believe it because always opposite happens lol
We will see.