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Tom Lee, who is a keen supporter of Bitcoin (BTC) and head of research at Fundstrat Global Advisors, a startup based in New York, he recently sat down with CoinTelegraph to give an idea of the recent Bitcoin incident. Although Lee is usually called for his excessively bullish BTC calls, including his prediction for Bitcoin (BTC) to "outshine the $ 15,000 level, this time the Fundstrat representative avoided issuing price forecasts." Lee noted that :
"Global cryptography markets are down more than 10% from October to November, while cryptocurrencies have had a negative correlation, the last six weeks have seen them turn into one of the highest levels of correlation in the markets global. "
According to Ethereum (ETH) World News, the last three or four months saw the five digital assets of the world lose a collective of $ 822 billion. This evidently instills fear in investors, in space crypts and in stock markets.
Bitcoin (BTC) Price today – BTC / USD
Many experts have made their decision about the recent accident. With a few, attributing the recent crypto crash (which sent the value of all virtual currencies to less than $ 140 billion), to other factors. While more investors are convinced that the recent turbulent stock markets have been a bearish catalyst. However, the fact here is that the encrypted markets are not cut and dried, therefore, the controversial hard fork of Bitcoin Cash (BCH), together with the SEC crackdown on the tokens financed by ICO, has only accentuated the market crisis.
Some valuable advice for "HODLERS"
CoinTelegraph, in an attempt to obtain an internal scoop on the market prospect of Lee, asked the researcher if he had advice for "HODLers" (zealous virtual investors of currency hesitant to capitulate). Strangely, apparently in contradiction with his original EOY prediction and his confident sentiment for BTC, Lee acknowledged that investors "must be patient", insisting that Fundstrat advises its clients to have little cryptographic exposure (probably from ; 1% to 2% of your portfolio). So, I'm not really worried about it on a daily basis. However, that 2% could automatically become 50% after a decade. There is room to make it grow dramatically over time.
Bitcoin (BTC), Ethereum (ETH), XRP (XRP) all have the ability to remain
Lee highlighted that important players in space, including Bitcoin, Ethereum and XRP, have the highest chance of survival in particular in stormy market conditions. Explaining why this is the case, the cryptographic expert indicated that, unless the projects mentioned here were resolved, they will manage to retain some of their value. He believes that adoption will grow rapidly and that there are institutional investors who will have the opportunity to invest. Concluding that 2019 should be considered good for BTC.
There is room for growth in cryptographic resources
In a recent episode of Blockshow, held in Singapore, Lee spoke on the stage of Bitcoin (BTC), bent and not broken. Continuing by adding that there is still an "enviable" profitability in digital tokens, predicting that BitMEX will make $ 1.2 billion by the end of 2018. According to Lee, this profit will make the startup (which looks like an encrypted network child merchant), a more profitable exchange. Even more profitable than the Nasdaq. According to him, cryptography is not going, so it's safe to say that there are numerous opportunities for sustainable growth in space.
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