Tom Lee believes that bitcoin has embarked on a steady growth path

Fundstrat analyst Tom Lee believes that the largest digital currency has embarked on a steady growth path. He outlined his position on Twitter and emphasized that 2020 will be very successful for bitcoin.

Earlier, the same expert noted the great importance of reducing the award of bitcoin miners in May of this year (halving).

According to his forecasts, after this event, BTC will rapidly strengthen over several months. The profit on investment in bitcoin is now 26%. This asset is already considered by many players as the best form of hedging risks.

Tom Lee is known for his optimistic predictions regarding the future prospects of bitcoin. One of them was his famous phrase in May 2019 that BTC would never again drop below $ 6,000.

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Ex-Goldman Sachs manager: Bitcoin is set to circumvent other assets this decade Chainalysis: the demand for bitcoin in the darknet continued to grow in 2019 VanEck: “the launch of bitcoin ETF will give the US economy a boost for the next 10 years” Germany’s central bank believes Bitcoin does not threaten financial stability China’s investment in blockchain in 2019 decreased by 40% Mining at low cost BTC. Will bitcoin halving finish them at all? A third of Bitcoin Cash coins have not moved since the creation of the cryptocurrency 70% of the Bitcoin Cash network hash is captured by unknown miners Bitcoin yield over the past 5 years was 99% higher than the shares of leading banks in the world 8 Cryptocurrency with high growth potential