Tom Lee Doesn't Want to Predict BTC Price Again

The loudest unfulfilled analyst forecast concerned the May conference of Consensus, after which, in his opinion, the price of BTC should have reached $ 15k
21 December 2018   1060

Famous Bitcoin-optimist and co-founder of Fundstrat Global Advisors Tom Lee said that he would no longer call any deadlines for Bitcoin to reach a “fair price”, Bloomberg reports.

We are tired of people asking us about target prices. Because of the inherent volatility in crypto, we will cease to provide any timeframes for the realization of fair value.
 

Tom Lee

Co-founder, Fundstrat Global

Note that in early 2018, Lee was convinced that Bitcoin would reach $ 25,000 in 12 months.

The loudest unfulfilled analyst forecast concerned the May conference of Consensus, after which, in his opinion, the price of bitcoin should have reached $ 15,000, but these expectations were not fulfilled.

In November, Lee lowered the forecast to $ 15,000 by the end of the year, but at the moment Bitcoin continues to trade at the $ 4,000 mark.

Earlier, Tom Lee said that the market unfairly evaluates the first cryptocurrency, the fair value of which is in the range of $ 13,800 - 14,800.

PBoC to Continue Anti-Crypto Propaganda

The regulator published a warning in its WeChat account called “Protection of the rights and interests of consumers of financial services”
23 March 2020   302

The People's Bank of China has returned to criticism of cryptocurrencies amid a worsening economic situation in the world.

On March 22, the regulator published a large-scale warning in its WeChat account under the heading “Protection of the rights and interests of consumers of financial services”. It describes three ways in which cryptocurrency service providers can mislead consumers.

First of all, the amount of fraud transactions with bots is serious. The average turnover rate of the top three overseas crypto currency exchanges is much higher than that of foreign licensed exchanges. Second, market manipulation exists in these exchanges where forced leveraged trading eventually causes the exchanges to explode. Third, money laundering is a big issue.

 

People's Bank of China

In addition, the Chinese Central Bank calls the opinion that Bitcoin may serve as a protective asset, erroneous. The regulator indicates its high volatility and recommends that citizens not follow the example of other investors and refuse to participate in cryptocurrency trading.