Bitcoin bull Tom Lee says the 'crypto winter' is over, says new all-time highs by 2020 'likely'Despite the cryptocurrency's drop in early Friday trading — a symptom ofof another digital currency called tether — it's going higher, and may even be in a bull market already, Lee tells CNBC.
"Just taking those two countries, they're close to 30% of the increase in on-chain activity, so it's meaningful," he said. "People are saying, 'Look, I don't trust using these local currencies. I don't trust the banks. I'm going to start using bitcoin.' And that's what's causing on-chain volume to really take off."
"I think you're seeing signs that fundamentals are improving, technicals are improving, and now there's real activity by, essentially, crypto hodlers," Lee said, using an industry term that refers to people who hold cryptocurrencies rather than trading or selling them.
fundstrat FuturesNow So it is the best time to invest in arbitrary trading which is so profitable!!!
fundstrat FuturesNow CNBC sticks with clowns all the time
fundstrat FuturesNow And Atlantis will surface this year after the Easter bunny and Santa find the leprechauns pot of gold.
fundstrat FuturesNow By “Bitcoin Bull” do you actually mean someone sitting on a whole lot they bought at $10K that they are trying to break even on?
fundstrat FuturesNow Not to be snarky but seriously did they literally pull their balloons out of a mud puddle in their garage? It’s like, hey guys let’s give it another shot, go get my balloons.
fundstrat FuturesNow Here he comes again 😂