As part of his talk at CNBC, Tom Lee, an analyst with Fundstrat, said that Bitcoin is slowly but surely turning into the best form of value preservation.
It is noteworthy that this week Bitcoin started successfully, yesterday the rate increased to $ 11,700, and today to $ 12,300, although for a very short period of time. Tom Lee noted that BTC is becoming increasingly popular with institutional investors. Such interest, as well as the perception of cryptocurrency as a worthy means to maintain value, can become a catalyst for further growth of the rate.
In addition, Li previously pointed out that hostility between China and the United States adversely affects the RMB and the US dollar. However, Bitcoin has been successfully using this – recently, the flagship coin has been growing just in those periods when there is a decline in the interest of financial players in investing in the currency and bonds of the United States.
