Wall Street Crypto Bull Keeping The Faith

Investing.com - Wall Street's biggest cryptocurrency bull is at it again.With cryptocurrencies still in recovery mode from their sharp selloff a month ago, Fundstrat Global Advisors' Tom Lee is sticking to his price targets for bitcoin.In a new report, Lee reiterated his forecasts of $20,000 by mid-year and $25,000 by year-end. Bitcoin hit a high of more than $19,000 in mid-December and a low of $6,000 in early February. It's traded in a range of $9,000-$12,000 recently. Lee's convinced the recent selloff was overdone and that cryptocurrencies will recover as they have in the past. He also believes that positive crypto-related developments in the corporate world will boost digital currencies, even if Wall Street isn't ready to accept them yet.

Source: Investing on Dailymotion
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