Tom Lee, founder of Fundstrat Global Advisors, said that he believes that crypto winter is already over and bitcoin will hit new historic highs by 2020.
In an interview with CNBC Futures Now, Lee predicted that the price of bitcoin will eclipse the previous $20,000 mark in the coming 20 months.
Arthur Hayes, co-founder and CEO of crypto trading platform BitMEX, said that while bitcoin is currently witnessing depressed volumes, volatility, and price, the most popular coin will get back to the $10,000 price point this year.
In a newsletter published last week,
Bleakley Advisory Group CIO Peter Boockvar has predicted that bitcoin will “implode” and lose up to 90 percent of its value before the end of the year.
Last week, bitcoin’s price fell nearly as low as $9,057 after hitting a record $20,000 in mid-December.
