Tom Lee: Bitcoin (BTC) At $25,000 Is “Fair,” But It Needs Time

As Bitcoin (BTC) made monumental moves in the fourth quarter of 2017, crypto pundits took to mainstream news outlets and social media mediums en-masse to make zany price predictions. While some zealots, influenced by the religious fervor of this movement, called for sextuple digits (or even septuple digits), one calm voice made a scaled-back price prediction of a then-mere $25,000.

Per previous reports from Ethereum World News, the soothsayer in question was Tom Lee, an executive at Fundstrat Global Advisors with a seeming enamorment with digital assets. At the time, the research head at the New York-headquartered investment advisor claimed that BTC was undervalued. And over the course of 2018, the believer maintained his prediction as best he could, even as the broader crypto market collapsed.

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