Bitcoin next year rose to $6000 instead of electronic money is gold?
The Wall Street bears, FundstratGlobalAdvisors founder Tom Lee (TomLee) is expected to bitcoin mid 2018 target is $6000. Because the user account is likely to grow 50%, amount of each account could increase by 30%.
Bitcoin has outstanding performance, one of Wall Street’s top strategists think next year bitcoin will rise 40%.
FundstratGlobalAdvisors founder Tom Lee (TomLee) is expected to bitcoin mid 2018 target is $6000. Because the user account is likely to grow 50%, amount of each account could increase by 30%.
Bitcoin since this year has risen by nearly 330% on Friday, trading at $4179.68.
Tom Li Zai wrote in the report, to 2018, a bitcoin value could reach $6000, each additional user accounts 10%, bitcoin value increased by $222; the average activity per account for each increase of 10%, an increase of 274 dollars worth of bitcoin.
The organization support, and improve the public trading platform adopted increasing influence, Li is expected to 2022, bitcoin will reach $25000.
Tom Li Zai said in a report, there are two things to promote bitcoin: the Commodity Futures Trading Commission (CFTC) approved in July 24th bitcoin trading options; and the Chicago Mercantile Exchange (CBOE) and bitcoin exchange Gemini in August 2nd this year announced plans to provide users with services bitcoin trading options.
He said, “there are two things that in the future 6 bit currency to 8 months will be the body positions increased significantly, there is no doubt that this will lead to bitcoin overall trading volume increased.”
Tom Lee is the first mainstream Wall Street division strategy on encryption of electronic money. Last month, he had claimed bitcoin by 2022 could rise to $55000, he believes that the encryption of electronic money is “alternative demand for gold”.
Other attention bitcoin financial celebrities: allegedly have bitcoin investment legend Bill Miller (BillMiller), and RitholtzWealthManagement Asset Management Co CEO JoshBrown last month, he has been practicing bitcoin trading.
Tom Lee said, “with more support from institutions, improve the trading platform, we believe that bitcoin will eventually be more popular with.”
Traders should pay attention to enter at the end of August “another wave period”, because bitcoin in close resistance, short-term momentum in overbought levels to $4800; Fundstrat 4500 is expected for the next resistance.