Bitcoin forecast ratcheted up to $6,000 by Lee as optimism grows

in #news7 years ago

everyone is optimistic about bitcoin

Thomas J. Lee, one of the most bearish stock strategists on Wall Street, is feeling a lot more optimistic about the prospects for bitcoin.

The cryptocurrency could reach $6,000 by the middle of 2018, according to a note Friday from Lee, the Fundstrat Global Advisors co-founder and former chief U.S. equity strategist at JPMorgan Chase & Co.

He said user accounts are likely to rise 50 per cent and usage per account to climb 30 per cent.

source
http://economictimes.indiatimes.com/markets/stocks/news/bitcoin-forecast-ratcheted-up-to-6000-by-lee-as-optimism-grows/articleshow/60131263.cms