Published On: Fri, Apr 13th, 2018

Wall Street Analyst Bullish; Bitcoin Price Will Hit $25K by Year-End

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Fundstrat’s Tom Lee holds his ever-so-positive sentiment on the upcoming year-end Bitcoin price, saying the largest cryptocurrency is still in a bull market, despite the 60% drop in price since the end of 2017. He also maintains that we should see it reaching a price of $25,000 by year-end.
At the time of writing this article, Bitcoin trades for $8,094.54, marking a 7.09% increase in its value for the last 24 hours.
The former Chief Strategist of JPMorgan & Chase is a known Bitcoin advocate amongst the few Wall Street analysts who are regularly stepping up to express their upbeat attitude towards Bitcoin as well as the entire crypto field in general.
On April 12th, Lee once again expressed his thesis at the CMT Symposium in New York City, outlining the reasons for which he thinks Bitcoin is in a bullish market, despite its rather hectic movement in the last few weeks.

Crypto Is Secure
As one of the main pillars of his thesis, Lee outlines that cryptocurrencies manage to successfully tackle the problem of lack of trust. And it seems that this couldn’t have come at a better time. The press is going crazy with stories about people facing serious …

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