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.
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.