Famous Bitcoin-optimist and co-founder of Fundstrat Global Advisors Tom Lee said that he would no longer call any deadlines for Bitcoin to reach a “fair price,” Bloomberg reports.
“We are tired of pricing questions. Because of the inherent volatility of cryptocurrencies, we will no longer voice any timeframes in the context of achieving fair price marks, ” Lee told Fundstrat clients.
Note that in early 2018, Lee was convinced that Bitcoin would reach $ 25,000 in 12 months.
The loudest unfulfilled analyst forecast concerned the May conference of Consensus, after which, in his opinion, the price of bitcoin should have reached $ 15,000, but these expectations were not fulfilled.
Consensus 2018: why the industry’s biggest event did not lead to a consensus on the cryptocurrency market https : //t.m/BBYY2Hf5 # Consensus2018 # bitcoin # mining pic.twitter.com/TTcaMfR93a
– BlockchainJournal (@BlockchainJournal) May 22, 2018
In November, Lee lowered the forecast to $ 15,000 by the end of the year, but at the moment Bitcoin continues to trade at the $ 4,000 mark.
Earlier, Tom Lee said that the market unfairly evaluates the first cryptocurrency, the fair value of which is in the range of $ 13,800 – 14,800.
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