One of the Biggest Bitcoin Bulls on Wall Street Just Turned Cautious
Fundstrat's Lee Says Tech is Only Growth Solution
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Fundstrat Global Advisors head of research Thomas J. Lee, who previously called for bitcoin to hit $6,000 by the middle of 2018 and $25,000 by 2022, has turned cautious after the recent rally "on contemporaneous fundamentals."
Lee says the roughly 60 percent surge in the past month to more than $7,000 is a result of multiple factors, including the CME Group Inc.’s plan to offer futures and speculation Amazon.com Inc. is acquiring crypto-related domain names.