Fundstrat Global Advisors analyst Tom Lee, who has repeatedly stated that by the end of this year, Bitcoin is waiting for a rise to $ 25,000, although he has recently adjusted the forecast, he is not going to give up his position.
The fair price of Bitcoin, calculated on the basis of such factors as the number of active addresses, the activity of individual accounts and the market offer, is in the range of $ 13,800 – $ 14,800 , he said.
In an address to his clients this Thursday, Lee wrote that the discrepancy between the theoretical and real cost of cryptocurrency can be explained by the consequences of a take-off of the market last year, a "collapse" in the macroeconomic climate and the liquidation of assets collected by crypto startups at ICO.
“The fair price of Bitcoin is significantly higher than the current one. If we go from the reverse, the number of cryptocurrency wallets should fall from 50 million to 17 million to justify the current price, ” he wrote.
According to Lee, the spread of Bitcoin as an asset class will be the main factor that will ensure its growth after 2018. If the number of users of Bitcoin wallets is at least 7% of the Visa user base of 4.5 billion account holders, then the Bitcoin model will cost $ 150,000.
"We are already tired of questions about the expected prices," – he said, refusing to give a forecast for the rate of Bitcoin at the end of the year.
Commenting on the recent Bitcoin decline below $ 4,000, Lee, shortly before this, said that the cryptocurrency will still have time to rise to $ 15,000 this year, noted that "the situation has developed negatively."
