The bull of wall street: now the “Golden” time to enter the cryptocurrency market

The main cryptocurrency bull on wall street and co-founder of Fundstrat Global Advisors Tom Lee spoke at BlockShow Asia 2018. He identified three main reasons for the recent collapse of the stock market. In his opinion, this is arguably hardford Bitcoin Cash, the new regulation of the SEC, which the ICO are now required to return funds to investors, as well as “terrible” state of the world’s markets in October and November also lost around 10 percent. While you remain true to their optimistic opinions in regards to cryptocurrency.

Now there is a price correction, which has led to a drop below the 200-day moving average, a popular technical indicator used by investors to analyze price trends] but if you have time to wait, everything will return to normal. However, this does not happen in the coming months and maybe even not next year.

Cryptocurrency is an investment for 2-3 years, and now we are experiencing a Golden time to enter in this space. As soon as Bitcoin will overcome the 200-day, money use the river.

Li told Cointelegraph that yields above 7 percent can only be purchase in a bear market. In the short term, Bitcoin may be hard times, but that doesn’t change the fact that we are at a nascent stage of new technology and a new class of assets.

Lee also drew the audience’s attention to the fact that at this point in cryptosphere was only 50 million active wallets. It’s not much compared to 2.27 billion accounts in PayPal and especially 4.6 billion accounts in payment systems Visa and MasterCard.

Comparing BTC with the rest of the system from the point of view of values, Lee suggested that the next decade of Bitcoin can achieve the rate of $ 10 million per coin. Today BTC is trading at $ 4,300. More data look at cryptodata.

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