“Bitcoin Isn’t Broken”: Wall Street Bull Tom Lee Confident BTC Will Bounce Back
Cryptovest
Published Aug 08, 2018 02:43AM ET
Updated Aug 08, 2018 04:00AM ET
“Bitcoin Isn’t Broken”: Wall Street Bull Tom Lee Confident BTC Will Bounce Back
Fundstrat’s Tom Lee is convinced Bitcoin (BTC) has better days ahead – the long-time Bitcoin bull pointed toward a variety of factors, including Bitcoin’s gradually growing market dominance, which suggest the cryptocurrency is on an upward track.
Speaking to CNBC’s “Fast Money” , Lee said:
“The news that we have seen, from the SEC saying Bitcoin's a commodity, to ... the potential for an [exchange-traded fund] is causing investors to decide that Bitcoin is the best house in a tough market.”
Earlier this year, the United States Securities and Exchange Commission (SEC) ruled that cryptocurrencies were commodities, and followed that up with a statement in June which clarified that cryptocurrencies would not ...
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