Bitcoin Will Rise EVEN IN TOUGH TIMES” - Prominent Danish Banker And Maverick Analyst Explains Why BTC News 2018

Also Read : Bitcoin WILL PASS 60K, It’s Easy Math!” - Bobby Lee, BTC Veteran Tells Why Price Rise WILL HAPPEN BTC News 2018

Welcome back to another Article here today, anti-tech cash. Also Paul, if you are having a good one. In today's Article we will be discussing Tom Lee once again and his opinion, and many of you are probably saying Tom Lee again. Well, Tom Lee has been pretty vocal as of late when a lot of experts on bitcoin have kind of quieted down, so I'm covering his opinion because he has a bit of a Permobil, but he also knows what he's talking about in a big way.

He's very well educated and he's highly engrossed in the bitcoin space. So with that being said, I definitely value his opinion and I always think it's worth covering. So what exactly is Tom Lee saying now? Well, he's essentially saying that despite recent price downturns, bitcoin can still hit 20 grand by the end of 2018. Now he lists a couple of reasons for this, so we will be exploring those a bit further in this Article.

Before I go ahead and jump right in and around. All of you will leave the link on this Article if you Upvote it, Follow and share it for more, and let's go ahead and jump right in. So when it comes to bitcoin bulls, there isn't anyone who is as optimistic as fun. Strats, Tom Lee, and with a recent appearance on CNBC, Leah has only cemented this theme, drawing attention to indicators that could indicate that bitcoin bears are losing steam. So the fund strat analysts remains bullish even after eight months of bearish price action. So whereas bitcoin headed next.

Well, that's the question that has been weighing on the minds of crypto investors worldwide for several months now. Tom Lee, the head of research at [inaudible] global advisors recently appeared on CNBC, is fast money segment to discuss his outlook on this market leader who has been dubbed Wall Street's biggest bitcoin bowl by some dubuque his time on the show by drawing attention to a throng of positive indicators alluding back to the countless number of appearances he made on fast money.

And on this show, the permeable noted that the break even cost of mining along with favorable network efforts still heavily drive bitcoin's value anyhow. He then unexpectedly brought up a macro market indicator and although it has no direct correlation to crypto lease season as bitcoins, next leading indicator.

So did the Msei Index

So what exactly is this? Well, the macro indicator in question compares the performance of the Msei emerging markets index, which measures the value of equity markets and global markets, and the u s based smp 500 Lee went on to put the Afro mentioned indicator and Bitcoins logarithmic chart side by side in a bid to show CNBC viewers. That connections can be drawn between these two charts as bitcoin rocketed and value last year. I'll be at not exponentially. This seemingly isn't a one ended relationship with bitcoin undergoing a trend reversal as the macro indicator hit its peak in early 2018.

Although this could be an untimely coincidence, the Fund strategy research grew or revealed why this indicator should be of interest to crypto investors. And Lee stated. So why do we think they're connected? Well, there are two factors. The first is hedge funds. See Hedge funds typically rent emerging market stocks, so they do risk on risk off, so when they're risk off, bitcoin also suffers because their risk off. The second reason has to do with wealth effect. Wealth effect means that if you're living in an emerging market and see your stock market fall hugely, that you will have a lot less money to buy big coin. In other words, the Fund strategy executive believes that as emerging markets underperformed, so we'll bitcoin later speaking on market conditions. Lee ended that the trading ecosystem has shifted, which is drawn ambitious macro hedge fund managers to bitmax where margin trading is a dime a dozen.

Additionally, he noted that funds are beginning to hire crypto friendly talented individuals straight out of college, which may play a role in a hedge funds decision to look into crypto. So for now, the permeable noted that hedge funds will continue to dominate the trading landscape until the market gets other Fiat onramps. So anyway, that is another opinion coming from Tom Lee, the Permobil in Bitcoin, and obviously one of the coins, biggest bulls in general.

I always think his opinions are interesting. So with that being said, that is his opinion and I want to get all of your opinion sound, the comment section below. Let me know what all of your thinking. As always, I appreciate all of your support and I hope to see all of you in the next Article. If you did Upvote this Article drop, Upvote Follow and share for more, let me know what all of your thinking. Have a good one and adios.

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