Fundstat’s Tom Lee Says Fair Value of Bitcoin to Reach $150K Per Coin
Cointelegraph
Published Dec 13, 2018 04:29PM ET
Updated Dec 13, 2018 04:41PM ET
Fundstat’s Tom Lee Says Fair Value of Bitcoin to Reach $150K Per Coin
Cryptocurrency bull and co-founder of Fundstrat Global Advisors Thomas Lee said that the “fair value of Bitcoin (BTC) is significantly higher than the current price,” Bloomberg reported on Dec. 13.
In a note delivered on Thursday, the veteran market analyst reportedly said that Bitcoin’s fair value is between $13,800 and $14,800, considering the number of active wallet addresses, usage per account and factors influencing supply. Lee attributed the divergence to last year’s meteoric rise, a macroeconomic “meltdown” and treasury sales during initial coin offerings (ICOs). Lee stated:
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