The price of Bitcoin (Bitcoin) continues to tumble, but one of the market’s biggest bulls Tom Lee isn’t fazed.
Tom Lee, managing partner at Fundstrat Global Advisors, says the big picture still has Bitcoin, the No. 1 digital currency, in a bull phase. That’s even after a 40% decline from the start of 2018, and a 70% fall from its all-time high in December 2017.
Lee compared the 70% decline to that of mid-2013, a retreat that was followed by a 700-plus day rally of more than 55,000%
Lee compared the 70% decline to that of mid-2013, a retreat that was followed by a 700-plus day rally of more than 55,000%