Tom Lee, the head of Fundstrat And one of the most popular analysts in the cryptocurrency community, this week attracts media attention with optimistic forecasts regarding bitcoin despite the current decline in prices.
Tom Lee will soon be speaking as a lecturer at the Asia Blockchain Week organized by the Blockshow conference, which will be held in Singapore from November 27 to December 1. On the eve of this event, Lee expressed his point of view on the current situation in the crypto-currency sphere and the future of digital assets and blockchain technology.
So, In an interview with crypto Chick Lee said that bitcoin has every chance to overcome the barrier of $20,000 in 2019. According to his analysis, in 80% of scenarios similar to the current situation, the price of bitcoin grew. Lee noticed that Ethereum also has a high chance to reach the price level of $2000, given its active distribution. According to him, even pessimists regarding Ethereum have a chance to profit if they buy tokens at the current price.
The analyst stressed that now the price of bitcoin is very close to the average value of mining, which makes it possible to predict a sharp price jump in the near future.
He also noted that he expects to see bitcoin as the most profitable cryptocurrency in 2019:
Bitcoin is preparing for a breakthrough. It found support around the $6000 level, which is equivalent to break-even considering the cost of mining... last year we saw that the most successful cryptocurrencies showed the maximum growth in the number of users (namely EOS, XLM, BTC and DOGE). I expect bitcoin to be one of the most profitable cryptocurrencies next year.
In response to a question about USDT, Tom Lee said he trusted the tether team:
I believe USDT provided the us dollar, and nourish the the credibility of the team's Tether. Stablecoin is an original concept and I hope they work.
