Wall Street analyst Tom Lee says Bitcoin (BTC) is relatively inexpensive ahead of the crypto money conference to be held next week in New York, and that it is laying the groundwork for a rally that will take place during the conference. In this case the price of Bitcoin can be doubled soon.

The price of bitcoin could double up soon!

In the talk of Tom Lee, he found the fourth meeting of the Manhattan conference to be held:

We expect participation in the conference to be even more than in previous years.

Tom Lee added that the number of people attending the conference a year ago was 2,750, and that this year the attendance could exceed 7,000 people. In addition, Bitcoin rose by 69 per cent during the conference and by 138 per cent two months later, the second time that conferences have doubled in attendance.

Regulations can reduce the interest of crypto paralas

Bitcoin has lost 10 percent since Friday, down to $ 9,000. Now, the Bitcoin price is 55 percent below the record level of $ 19,511 on December 18, 2017. As a warning, Tom Lee said that conversations on regulatory arrangements for Bitcoin and other crypto paralysis could reduce crypto paralysis, and added:

We expect that bitcoin and crypto currencies will behave in a similar way to previous years and will make a significant increase during the conference.