The Fundstrat’s strategist Tom Lee who claimed in December that the fair price of Bitcoin is about $ 13 800- $ 14 800, several days ago during the interview with CNBC said that major macroeconomic trends show that cryptocurrency time will come back in 2019. The reasons are the followings:
- Existing low risks in the global market and the less fluctuate dollar rate compared to the last year, which is positive news for bitcoin.
- Bitcoin becomes more useful and necessary currency in countries like Venezuela, which helps bitcoin to be widely used.
- Increasing awareness towards cryptocurrencies and pension funds’ investments in digital currencies approaches bitcoin to the asset class.
- If the current price of bitcoin will surge near $ 4000, based on 200-day moving average price will further increase in August and will regain positions lost in 2018.
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