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Bitcoin’s [BTC] fair value should be $14K, says Fundstrat Global CEO Thomas Lee

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Bitcoin [BTC]'s fair value should be $14k says Fundstrat Global CEO Thomas Lee
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Thomas Lee, CEO of the New York-based research company Fundstrat Global Advisors, is in the news after he claimed that the fair price of Bitcoin [BTC] should be $14,000. In a recent interview with CNBC, Lee spoke about the latest Bitcoin rally that breached the $5,000 mark and the factors that propelled it.

In the interview, the Fundstrat CEO said,

“So, if you were to take a combination of active addresses and activity per user, that’s explained over 90% of Bitcoin since 2013. The fair value for Bitcoin, right now, is $14,000.”

To back his figures, Lee stated that a crypto commodity “generally trades two or two and a half times its breakeven,” during a bullish market phase. During a bear market however, the cryptocurrency trades below the breakeven, he said. Lee further said that Bitcoin posts major gains 10 days a year and to capture the gains, “you have to hold or hodl it,” he said.

Lee has always been bullish about Bitcoin, previously predicting the leading coin to touch $25,000 by the end of 2018. Talking about the latest market rally catapulted by Bitcoin, the research analyst said that the digital coin sustained a rough patch in 2018, but has been steadily climbing since.



He attributed the gradual rise of Bitcoin to positive developments taking place in the crypto-system. Old whale wallets have also contributed to the steady accumulation of the cryptocurrency. He further accredited its rise to the highly anticipated Bakkt launch and tools like Fidelity custody. Besides, Bitcoin registered activity in places stricken with high inflation and political turmoil, in countries like Venezuela and Turkey, the analyst said.

He concluded by admitting that the SEC’s approval of Bitcoin ETFs or other kinds of financial instruments will be a positive and meaningful development for the cryptospace.





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Bitcoin nirvana is happening right now, says Max Keiser

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Bitcoin nirvana is happening right now, says Max Keiser

Bitcoin’s price pump affected the altcoins’ valuation on an optimistic note. The digital coins recovered significantly this year after losing nearly 80% to 90% valuation since the market crash in the first quarter of 2018. As Bitcoin [BTC] continued to trade between $7,600 and $8,300, prominent analysts in the field speculated that the king coin could potentially spiral down a bit more. However, Max Keiser, a Wall Street veteran and host of the Keiser Report, who is also a noted Bitcoin bull is of the opinion that “crypto spring is here”.

The broadcaster, in the latest edition of the Keiser Report, stated,

“It’s just bleeding right into our lives we can hear the lawnmowers outside in there getting ready for crypto summer and then crypto fantasia crypto parallel dimension and the Bitcoin nirvana it’s all happening, it’s all happening, right now.”

Keiser also noted that the global economy was undergoing “deglobalization” which steemed out of uncertainty and volatility and added that there “was no way to hedge against that”.



Stacy Herbert, one of the most influential women in blockchain and a host alongside Keiser contributed to the discussion. She said at a time when deglobalization has hit the economy, one would certainly go along with Bitcoin. According to the broadcasters, trade wars between China and the USA was currently intensifying Herbert; While recalling history, they also took note that the empires started falling during the period of deglobalization which was eventually followed by the two world wars.

Keiser had previously remarked that “Bitcoin is hard money” very similar to gold, and added that it is going to “respond well to hyperinflation and hyper-money printing”.





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