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Wall Street’s Tom Lee Says Bitcoin Price to Hit $22K by Year’s End, ‘Can Reach $25K’


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There so many expertise who predicts the value of bit coin will rise within end of 2018.the prediction came when there was a kick start after a great fall of the price of the coin

Financial market research firm Fundstrat’s Tom Lee defended his position that Bitcoin(BTC) could trade at anywhere from $22,000 to $25,000 by the year’s end, in two CNBC interviews Thursday, July 5.

Lee made sure to clarify to reporters that his most recent $22,000 price prediction is emphatically not a bearish retreat from his previous forecasts of $25,000.

The reason behind this is because there was gain in market which made people anxiety after great fall

He said that “I do think it’s the first time I’ve ever heard someone thinking something could triple is a bearish comment. I think I may have misspoken a little bit […] what I was trying to illustrate was that [...] applying the historical average of 2 and a half times mining costs would imply fair value over $20,000 - roughly $22,000

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