Fundstrat analyst Tom Lee said that Bitcoin “has already bottomed.” Analyst says Saylor is betting $1M on Bitcoin
holding its two defenders. But one has significantly cooled BTC price predictions. That name is Tom Lee, co-founder of Fundstrat. The famous analyst gave complex messages in an interview with CNBC on June 9. He said he wasn’t sure if Bitcoin would end the year above its starting price.
"Bitcoin is acting far better than people expected," says @fundstrat on sticking with #btc. "It's a risk-on asset so to the extent the Nasdaq and Bitcoin rally, it's helping us be more comfortable that the market has already bottomed." pic.twitter.com/am0bShh8iQ
— CNBCOvertime (@CNBCOvertime) June 8, 2022
Now, 2022 Bitcoin price predictions, it points to the bottom with macro pressures and events like the Terra eruption. Most analysts said we could see $20,000 in BTC. But Tom Lee says the underlying strength is worthy of attention right now. In the CNBC interview above, he noted:
This is a risky asset. So to the extent that the Nasdaq and Bitcoin are rallying, I think it helps us be more comfortable that the market has already bottomed out.
At the same time, Lee addressed the Terra debacle and layoffs at major crypto companies, including US exchange Coinbase. He said that Bitcoin is “behaving much better than people expected.”
Meanwhile, Lee is known for his bull predictions in Bitcoin. Among them, Bitcoin had a forecast of $200,000 for 2022 when its ATH level was at $69,000 in November.
Michael Saylor: “If it’s not going to zero, it’s going to a million”
MicroStrategy CEO Michael Saylor, meanwhile, pushed the bearish aside and went up. Those who claim that Bitcoin will either be banned or go to zero have been “discredited,” he told CNBC on June 8. Saylor says:
If the deniers are wrong and the skeptics are wrong, it will not go to zero, and if it won’t go to zero, it will go to a million.
While nothing new, Saylor’s “too optimistic about where we’re going from here” is increasingly counterproductive in the new central bank tightening period with a generally pessimistic view of risk assets. more bragging. As we report at Kriptokoin.com , some believe that meaningful price recovery will take until the next block subsidy halving in 2024.
Saylor, meanwhile, said that “timing the market” doesn’t make sense when it comes to buying more BTC for its current reserves. “We’re doing the equivalent of the average dollar cost for a large company,” he explained:
We’re not trying to time the market. I think all the stats on the S&P and Bitcoin index show that you can’t time the market. We reinvest free cash flows into the market as circumstances permit.
Meanwhile, at the time of writing, BTC/USD is trading just above $30,000. BTC hit a high of $ 30,609.31 today.
