Bitcoin bull Tom Lee fundstrat says 'crypto winter' is over, new all-time highs by 2020 are 'likely' (via CNBCFuturesNow)
Bitcoin bull Tom Lee says the 'crypto winter' is over, says new all-time highs by 2020 'likely'Despite the cryptocurrency's drop in early Friday trading — a symptom ofof another digital currency called tether — it's going higher, and may even be in a bull market already, Lee tells CNBC.
"Just taking those two countries, they're close to 30% of the increase in on-chain activity, so it's meaningful," he said. "People are saying, 'Look, I don't trust using these local currencies. I don't trust the banks. I'm going to start using bitcoin.' And that's what's causing on-chain volume to really take off."
"I think you're seeing signs that fundamentals are improving, technicals are improving, and now there's real activity by, essentially, crypto hodlers," Lee said, using an industry term that refers to people who hold cryptocurrencies rather than trading or selling them.
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