Lee says that there are tailwinds that are associated with the recent Bitcoin halving. , these products are currently experiencing significant momentum, reaching a 15-day streak of uninterrupted inflows. BlackRock's IBIT alone has surpassed $20 billion in total assets under management. Widening ownership will be propelling the largest cryptocurrency to $150,000, according to Lee."Bitcoin still follows math," Lee added.
Following the August sell-off, Fundstrat expected the markets to rebound in May, but it now seems like June might be a stronger month. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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