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.