Crypto Bull Tom Lee: “The Fair Value of Bitcoin Right Now is $14,000”5

Ever-the-optimist when it comes to crypto, Tom Lee has stated that he thinks a fair price for Bitcoin is $14,000. He bases this opinion on the cost to mine a Bitcoin and what he considers a traditional markup on commodities.

The managing partner and head of research at Fundstrat Global Advisors also stated that the ongoing bear market of 2018/19 was over. He believes that infrastructure developments and the accumulation of Bitcoin by so-called whales is behind the change in price trends seen thus far in 2019.

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