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Bitcoin's sell-off is 'part of its DNA' and could still surge to $100,000, Fundstrat's Tom Lee says

8 days ago   |   By Business Insider

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Bitcoin's recent correction of more than 20% is "part of its DNA and its history," Fundstrat's Tom Lee said in a tweet on Tuesday.
Lee reiterated his $100,000 price target on bitcoin, arguing that the sell-off doesn't change fair value.
Bitcoin "looks on sale," Lee Tweeted.
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The more than 20% sell-off in bitcoin this week shouldn't be a surprise to investors familiar with the cryptocurrency, according to Fundstrat's Tom Lee.
In a tweet on Tuesday , Lee said bitcoin is prone to corrections of...
Read more ...

 

Bitcoin's sell-off is 'part of its DNA' and could still surge to $100,000, Fundstrat's Tom Lee says

Bitcoin's sell-off is 'part of its DNA' and could still surge to $100,000, Fundstrat's Tom Lee says

8 days ago   |   By Business Insider

Cindy Ord/Getty Images
Bitcoin's recent correction of more than 20% is "part of its DNA and its history," Fundstrat's Tom Lee said in a tweet on Tuesday. Lee reiterated his $100,000 price target on bitcoin, arguing that the sell-off doesn't change fair value. Bitcoin "looks on sale," Lee Tweeted. Sign up here for our daily newsletter, 10 Things Before the Opening Bell The more than 20% sell-off in bitcoin this week shouldn't be a surprise to investors familiar with the cryptocurrency, according to Fundstrat's Tom Lee. In a tweet on Tuesday , Lee said bitcoin is prone to corrections of...
Read more ...

 


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