Fundstrat Founder Tommy Lee Unaffected by Bitcoin Decline – Bitcoints

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Published on September 16th, 2017 | by bitcoin

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Fundstrat Founder Tommy Lee Unaffected by Bitcoin Decline

Tommy Lee, the notoriously bearish financial analyst and founder of Fundstrat, affirmed his position that Bitcoin is the best investment through the end of the year.
Lee continued to espouse his strongly bullish position on an interview with CNBC, in spite of the recent double-digit drop.
No bubble
Lee, who predicts a Bitcoin price of $25,000 in the next five years, says that Bitcoin cannot be in a bubble, in spite of the substantial price run up in the past year.
Lee answered Bitcoin critics by saying:

“We have some data.
There’s only about 300,000 holders of at least $5,000 of Bitcoin.

Source: Cointelegraph.com



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