Fundstrat’s Tom Lee Sticks with His Bullish Bitcoin Prediction Despite Trump Delaying China Tariffs

Libra Coin News
Tue, 08/13/2019 - 18:35
Alex Dovbnya
The prescient Bitcoin bull believes that the crypto king will eventually reach a new ATH    
Cover image via U.Today

The Bitcoin price has plunged below the $11,000 level, which came on the heels of the Trump administration delaying tariffs on Chinese goods until December.

On top of that, China's Ministry of Commerce announced that it would restart trade talks with the US in the nearest future.

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Given that the worsening relations between the two economic superpowers served as an impetus, some had a knee-jerk reaction to call off Bitcoin’s bull run. However, Fundstrat’s boss Tom Lee remains as bullish as ever on BTC.

As reported by U.Today, Lee claimed that Bitcoin would reach touch $20,000 by the end of 2019.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.