Bitcoin permabull and the head analyst of Fundstrat Global Advisors, Tom Lee, has once again expressed his bullishness on the cryptocurrency’s short-term future. Unlike his last year’s predictions, however, this time he’s seemingly shielding his positivity with conditions.
Tom Lee Back At It, Hesitantly
In April 2018, Fundstrat’s Tom Lee said that Bitcoin’s price will hit $25,000 by the end of the year. On December 31st, 2018, however, the cryptocurrency was trading at around $3,700 – approximately 85 percent below Lee’s target price.
Speaking on CNBC’s Futures Now, Lee seems to have maintained his positivity on Bitcoin, despite his previously failed predictions.
The analyst thinks that 2019 will be a “year about repair.” This time, he’s evidently a lot more cautious and conservative with his price targets. Lee outlined that it’s very important for bitcoin price 00 to recover the damaged sustained during the fork war between Bitcoin Cash and Bitcoin Cash SV.
I think the damage that needs to really…