The famous analyst: bitcoin will become the best assets this year
Beijing time 11 CNBC, JP Morgan (92.19, -1.34, -1.43%) former chief strategist, co-founder Fundstrat TomLee said he believes bitcoin will become this year’s best performing asset classes, the remainder of the year will be more than U.S. stocks and bonds.
He told CNBC’s “FastMoney” said in an interview, bitcoin will undoubtedly become the best performing assets this year. He believes that even a conservative estimate, this year the price of bitcoin is at least $3700, even up to $5000.
Lee in a report said in early July, the long run, the price of bitcoin may exceed $20 thousand, is expected to rise to $55 thousand in 2022.
He said: “there are a lot of bitcoin and gold very similar characteristics, I think this will make its final as an alternative currency to attract people. It is a good hedge products.”
Bitcoin this week topped $3500, up 264% compared with the beginning. CoinDesk data show that the EST on Thursday morning, bitcoin prices at around $3428.
Lee is the United States presidential election last year before Trump was elected one of the few prediction will lead stocks rise rather than fall at one of the.