One of Wall Street’s Biggest Stock Bears Ratchets Up His Bitcoin Forecast to $6,000
- Former JPMorgan strategist one of biggest equity bears
- Thomas Lee maintains bitcoin $25,000 price target for 2022
Gatecoin Sees Bitcoin at 5,000 by Year End
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Thomas J. Lee, one of the most bearish stock strategists on Wall Street, is feeling a lot more optimistic about the prospects for bitcoin.
The cryptocurrency could reach $6,000 by the middle of 2018, according to a note Friday from Lee, the Fundstrat Global Advisors co-founder and former chief U.S. equity strategist at JPMorgan Chase & Co. He said user accounts are likely to rise 50 percent and usage per account to climb 30 percent.