Tom Lee, Wall Street analyst and co-founder of Fundstrat Global Advisors, believed for a long time that Bitcoin had brilliant perspectives. However, recently he claimed that it was the high time to buy altcoins.
Speaking on CNBC Fast Money, Lee said:
“We think that 2018 will be the year of higher prices for many coins. But it will apply to small altcoins and tokens of the major platforms”.
Tokens such as Ripple, Cardano, Lumens, IOTA and XEM in recent years has grown significantly, and Lee believes that the profit generated by the token small-cap reaches the same heights as with the large coins of the TOP-10:
“This usually means the peak, and then we begin to see how the tokens increase to large caps”.
In August, 2017 Mr.Lee was one hundred percent sure that at the end of 2017 Bitcoin rate would exceed 6 000 dollars but his prediction didn’t prove true. Bitcoin rate reached 10 000 at the late November of 2017.
His prognosis is based on the steady rate growth in the first quarter of 2018. Tom Lee supposes that Bitcoin rate can surpass maximum limits of the previous year and its rate can exceed 25 000 dollars till the end of 2018.
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