A $ 40.000 Bitcoin Estimate From A Wall Street Analyst!
A $ 40.000 Bitcoin Estimate From A Wall Street Analyst! Tom Lee, one of the important analysts not only of the cryptocurrency industry but also of Wall Street, also made an important statement about Bitcoin (BTC).
Bitcoin Will Find $ 40,000 By August!
Lee’s claim, which previously made consistent predictions about BTC in 2017, also includes the Dow Jones index. In an interview with CNBC, Lee stated that the Dow Jones index will rise to 30.000 points before Bitcoin reaches $ 30,000:
Changing the idea when it comes to $ 40.000 and 40.000 points, Tom Lee said that the first to reach this point will be cryptocurrencies, that is, Bitcoin. For this, Bitcoin needs to increase by 200% until that date to keep Lee’s forecast. Lee’s explanation of the subject is as follows:
“My estimate of $ 30.000 would have been for Dow, but if I had to talk about which one would reach the first 40.000, I wouldn’t choose Dow.”
After this announcement by Lee, CNBC server Kelly Evans also verified and emphasized that Lee is saying that “Bitcoin almost triples its value this year and can pass Dow at 40.000 dams”.
The #Bitcoin surge has wowed investors, but is it a better bet than U.S. equities for 2020 and beyond? @fundstrat's Tom Lee gives his verdict. $BTC pic.twitter.com/ad6kMg4yo9
— Power Lunch (@PowerLunch) February 10, 2020
