In a recent interview with CNBC, Tom Lee crypto bull gave his thoughts on the current state of the market. Lee, the Head of Research at Fundstrat, stated that he was pleasantly surprised by the stability of the cryptocurrency market and added that Bitcoin has reached its bottom.
The financial analysts had made news earlier when he stated that the value of Bitcoin would break December 2017’s record and shoot up to an all-time high of $25,000.
Surprisingly the now-10-year-old Bitcoin has relatively outperformed stocks, even ones that have been historically non-volatile beyond belief. Elaborating on this point, the prominent crypto proponent stated:
“Bitcoin should be able to easily break higher ground once people realize its fundamental benefits and use cases.”