Fundstrat analyst Tom Lee believes that the largest digital currency has embarked on a steady growth path. He outlined his position on Twitter and emphasized that 2020 will be very successful for bitcoin.
Earlier, the same expert noted the great importance of reducing the award of bitcoin miners in May of this year (halving).
According to his forecasts, after this event, BTC will rapidly strengthen over several months. The profit on investment in bitcoin is now 26%. This asset is already considered by many players as the best form of hedging risks.
Tom Lee is known for his optimistic predictions regarding the future prospects of bitcoin. One of them was his famous phrase in May 2019 that BTC would never again drop below $ 6,000.
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