Tom Lee: Bitcoin Fair Price is $14,000 Right Now

A fairly well-known specialist in the cryptocurrency world, Tom Lee expressed the opinion that at the moment the price of the first coin is extremely undervalued. He believes that the fair rate of Bitcoin now amounts to 14 thousand US dollars. Such a statement he made at an interview on CNBC.

He came to this conclusion after he had calculated the cost of mining, as well as value added. Tom Lee assured that the bear market is already behind and in the near future, the industry will experience another skyrocketing.

Recall, on April 2nd, 2019 the cryptocurrency market experienced the sudden growth, after which the price of Bitcoin rose to $5300 US dollars, followed by a slight decrease up to $5000 US dollars. At the time of this writing 1 Bitcoin costs $5014 US dollars.

Such a situation on the market is probably caused by entering of an unknown large investor. According to unconfirmed information, this pump occurred after someone purchased more than 20,000 bitcoins on several cryptocurrency exchanges at once.

We want to remind you:

Google Trends: The Number of Search Queries with the Word “Bitcoin” has Tripled

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Leave a Reply

Your email address will not be published. Required fields are marked *