Fundstrat’s Tom Lee Stays Bullish On BTC Price, Sees Major Firms Joining Crypto Sphere239.65

Co-founder and Fundstrat strategist Tom Lee has repeated his prediction that Bitcoin will reach $20,000 by mid-year and $25,000 by the end of the year. Lee sees corporations entering the crypto sphere as support for his prediction of BTC's future upswing, citing Japanese e-commerce company Rakuten's Feb. 27 announcement that they will be launching their own cryptocurrency as just one case of the crypto world constructively developing this year, regardless of BTC's price drop. In the past, Lee has had relatively constant, bullish predictions for the price of Bitcoin. According to CNBC, Tom Lee is the "Only major Wall Street strategist to issue formal price targets on bitcoin."
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