Friday, July 05, 2024 7:27:14 AM
"Tom Lee, co-founder and head of research at Fundstrat Global Advisors, told CNBC’s “Squawk Box” Monday that he still sees bitcoin hitting $150,000 despite the “overhang” from Mt. Gox’s upcoming disbursement of tokens to creditors.
“If I was invested in crypto, knowing that one of the biggest overhangs is going to disappear in July, I’d think it’s a reason to actually expect a pretty sharp rebound in the second half,” Lee said."
Nothing I say, post, or do should ever be considered financial advice. I only trade stocks for my own personal pleasure and for no-one else. Perform your own DD and wish you the best of luck!
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