min to read

2019-09-13 14:27:58




News

Tom Lee declares economic stability is needed for bitcoin growth

#BTC

min to read

2019-09-13 14:27:58

Tom Lee, the co-founder of Fundstrat analytical agency, has said investors buy bitcoin when they are confident in the stability of the economy and the geopolitical situation.

Tom Lee, the co-founder of Fundstrat analytical agency, has said investors buy bitcoin when they are confident in the stability of the economy and the geopolitical situation.

 

During an interview with CNBC, the bitcoin optimist said that the growth of the first cryptocurrency coincided with the best yield of the S&P 500’s index. According to Lee, bitcoin thrives when the index grows by more than 15% per year.

 

 

“A stock market breakthrough to new highs will be a catalyst for the next growth”.

 

Fundstrat’s co-founder believes that bitcoin is no longer a protective asset, as many analysts believe it to be and what it was this summer.

 

It should be reminded that in early August, Tom Lee said that the trade war between China and the United States would ensure demand for bitcoin against the background of global risks.

All rights reserved © CryptoRivista