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Fundstrat's Lee Sees Bitcoin Quadrupling, And This Fund With It

  • Investment vehicle trades at a premium thanks to scarcity
  • Bitcoin closing in on $10,000 level of full-blown FOMO: Lee
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Bitcoin Bounces Back Above $11,000 as Bubble Memories Fade
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Bitcoin bull Thomas Lee says the biggest digital currency is primed for a “Fear Of Missing Out” rally that could see it hit as high as $40,000 within a few months.

Better market transparency and integrity is supportive of higher prices and a breach of the $10,000 level could trigger “FOMO,” wrote Lee, the managing partner and head of research with Fundstrat Global Advisors, in a note to clients Monday. A surge could spark even greater returns in the Grayscale Bitcoin Trust, he said.