Tom Lee’s Big Bitcoin Price Prediction Dropped to $15,00015.38

Fundstrat’s Tom Lee, often referred to as the ‘crypto bull’, has revised his end of year Bitcoin price prediction from $25,000 down to $15,000, which is still pretty optimistic looking at the state of things today.

Speaking to CNBC the co-founder of Fundstrat Global Advisors said that the key issue was Bitcoin’s ‘break-even point’, a level where mining costs match the trading price. For Bitmain’s flagship S9 Antminer the level is down to $7,000 from an earlier estimate of $8,000 according to analysts.

Original source
https://www.newsbtc.com/2018/11/17/tom-lees-big-bitcoin-price-prediction-dropped-to-15000/

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