{"id":411101,"date":"2020-01-15T15:00:07","date_gmt":"2020-01-15T15:00:07","guid":{"rendered":"https:\/\/uniquehot.com\/?p=411101"},"modified":"2020-01-15T14:41:48","modified_gmt":"2020-01-15T14:41:48","slug":"tom-lee-calls-for-100-bitcoin-returns-on-heels-of-election-halving-more","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/tom-lee-calls-for-100-bitcoin-returns-on-heels-of-election-halving-more\/","title":{"rendered":"Tom Lee Calls For 100% Bitcoin Returns On Heels of Election, Halving, More"},"content":{"rendered":"

Fundstrat\u2019s Managing Partner and the Head of Research Tom Lee \u2013 an outspoken Bitcoin<\/a> bull \u2013 has been mum on the cryptocurrency market for much of the last year. <\/span><\/p>\n

However, Lee has finally started making comments about the crypto space once again, and is now calling for 100% returns in Bitcoin this year on the heels of the 2020 United States Presidential election, the crypto asset\u2019s upcoming halving, and increase geopolitical risk across the entire globe. Will Lee\u2019s least lofty prediction yet come true?<\/span><\/p>\n

Bitcoin To Gain 100% In 2020 Following Geo Risk, Election, and Halving<\/h2>\n

Throughout 2018, Fundstrat Co-Founder and Head of Research Tom Lee<\/a> made a number of wild Bitcoin<\/a> calls, earning him a reputation for missing his mark most of the time. It got to the point where Lee would regularly be asked for a new price prediction<\/a> by every journalist he spoke to, prompting him to pull back on his predictions and instead let the market do its thing.<\/span><\/p>\n

Related Reading | Psychology of a Market Cycle: Are Bitcoin Investors In Denial?\u00a0<\/a><\/strong><\/em><\/p>\n

After spending most of 2019 quiet as a mouse, Lee this morning tweeted about the improving \u201chealthier dynamic\u201d across the crypto space fueling the recent rise. However, given rumors that many of this week\u2019s pumps were orchestrated by wealthy miners, whales, and more, it\u2019s difficult to say the crypto market\u2019s dynamic has become healthy.<\/span><\/p>\n

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The improved performance of crypto in 2020 is evidence that a better and healthier dynamic is underway this year. In our view, three positive convergences are acting as tailwinds for #bitcoin<\/a> and other #crypto<\/a> in 2020 https:\/\/t.co\/CcmLtr7M8i<\/a><\/p>\n

— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) January 15, 2020<\/a><\/p><\/blockquote>\n