Tom Lee has shown his face on mainstream media once again to tout the merits of Bitcoin (BTC). On a recent segment of CNBC’s “Futures Now”, the Fundstrat Global Advisors head of research lays out what he sees is going for the cryptocurrency. Like many of his other appearances, his comments had bullish undertones. But why is Lee bullish on BTC?
Macroeconomy Trends to be Bitcoin Tailwind
He tells CNBC that more likely than not, 2019 will be the year of repair for this market, adding that the macro picture could provide Bitcoin with a bit of a boost of nitrous oxide. Lee explains that there has been a risk-on rally in global markets, potentially giving BTC and other digital assets, deemed risk-on by many traders, the ability to see some incoming cash flow.
Funnily enough, some would deem this noticing on macro markets as moot, as many economists are expecting a slow in the growth of the global economy over 2019 and 2020, potentially curbing the risk-on rally that Lee sees….
Read Full Story : Ethereum World News