21 min listen
1117: Tom Lee Says He’s Still a Bitcoin Bull, Predicts Crypto Firms Emerge Stronger From FTX Collapse!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
1117: Tom Lee Says He’s Still a Bitcoin Bull, Predicts Crypto Firms Emerge Stronger From FTX Collapse!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
ratings:
Length:
37 minutes
Released:
Nov 28, 2022
Format:
Podcast episode
Description
Hedge fund veteran Tom Lee remains long-term bullish on Bitcoin (BTC) and expects the crypto industry to come out of its bear market stronger than before.
In a new interview on CNBC, the Fundstrat managing partner says while 2022 has been “terrible” for crypto investors with the collapse of FTX, he thinks a new chapter could be emerging.
“Nobody has made money in crypto in 2022, but it’s not that different than 2018. If we look back at that crypto winter when Bitcoin went from $17,000 to something like [$3,200] or so, that was the time that some of the best projects were created. So I think that it’s an important moment for the industry. I think it is cleansing a lot of bad players, and I think it’s important."
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In a new interview on CNBC, the Fundstrat managing partner says while 2022 has been “terrible” for crypto investors with the collapse of FTX, he thinks a new chapter could be emerging.
“Nobody has made money in crypto in 2022, but it’s not that different than 2018. If we look back at that crypto winter when Bitcoin went from $17,000 to something like [$3,200] or so, that was the time that some of the best projects were created. So I think that it’s an important moment for the industry. I think it is cleansing a lot of bad players, and I think it’s important."
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Nov 28, 2022
Format:
Podcast episode
Titles in the series (100)
602: BITCOIN PRICE TO HIT $85K IN COMING MONTHS AS INDICATORS FLIP BULLISH!! TANZANIA NEXT TO ADOPT BTC?!: Amid hopes that Bitcoin will still hit $100,000 this year, Decentrader predicted that it may only be a matter of months before BTC is back on track. "While we may not rally so hard and fast this time, fundamentally nothing has changed with how Bitcoin... by Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News