FUNDSTRAT / Tom Lee Publishes Results of Their Questionnaire Showing Key Institutionsal Crypto Market Positioning / TLDR Overview
On the institutional front, Fundstrat published the results of their questionnaire.
-- which shows that:
82% of institutions polled believe that Bitcoin has bottomed out;
65% believe that crypto assets will appreciate if there is a global recession;
67% believe that Ether will not be classified as a security,
and 41% believe BTC will trade between $20k - $30k by the end of 2018.
Enlarged:
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Tom Lee is well known in the markets:
Thomas Lee
@fundstrat
Co-founder Fundstrat Global. Analysis not opinions. Data science speaks louder than gurus.
The links are here:
https://twitter.com/fundstrat/status/988817606604881920
Thanks for Reading!
Interesting. Good info. Would be interesting if Fundstrat asked the same questions regularly, so they can compare attitudes on yearly or quarterly basis.
Love this kind of stats. Thank you
"82% of institutions polled believe that Bitcoin has bottomed out"
I hope that translates into "the vast majority of institutions regard BTC prices under 8000 as a bargain."
Going up?