Fundstrat: Bitcoin (BTC) Will Easily Surpass $20,000 Eventually

As news of Facebook’s Libra broke, every mainstream outlet began to cover it and Bitcoin (BTC) in general. So, it comes as no surprise that this morning, CNBC “Futures Now” called on Tom Lee, the head of research at Fundstrat Global Advisors, to talk cryptocurrency in his latest appearance of dozens on the segment.

After discussing how Facebook’s latest venture is complementary to Bitcoin, in that BTC will continue to act as a reserve cryptocurrency, he was asked to give a price target. Staying true to his promise not to give any concrete, time-constrained targets, Lee claimed that Bitcoin could “easily” surpass its previous all-time highs of $20,000, but was hesitant to give an exact date.

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