• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance
Breaking News: Crypto Giant Binance In Hot Water: CEO Responds To Trading Violation Claims
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Crypto Giant Binance In Hot Water: CEO Responds To Trading Violation Claims
Tom Lee Futures Bitcoin price
Advertisement

Bitcoin Will Top $10,000 in 2019, Says Fundstrat’s Tom Lee

Osato Avan-Nomayo by Osato Avan-Nomayo
4 years ago
in Bitcoin Price, Bitcoin, News, News teaser
0
Advertisement
Advertisement

Given the performance of Bitcoin (BTC) since the start of 2019, especially the major gains realized in April, several analysts say BTC is set for a bullish year.


Bitcoin Winter is Over

According to Tom Lee of Fundstrat Global Advisors, the prolonged bear market of 2018 is now a thing of the past. Lee posits that there is already a significant flip in market sentiment leading to increasing investor appetite for Bitcoin.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!

Speaking to MarketWatch, The Fundstrat chief analyst opined:

Risk appetite is positive for bitcoin. If the S&P 500 made a 2.5 standard deviation move [as it has done year-to-date] and investors are looking for vol [volatility] that’s building a base case for bitcoin.

Bitcoin 1-year price chart

Lee, known for making BTC price forecasts believes Bitcoin will top $10,000 sometime in 2019. Earlier in April, Lee made the case for Bitcoin’s fair value amounting to about $14,000 based on the present mining cost.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

As previously reported by Bitcoinist, Fundstrat analysts say fundamental market forces have shifted to the positive side. This shift effectively forms a tailwind which they expect will push the price of BTC [coin_price] higher in 2019.

Terrible Monetary Policies Will Drive Greater Bitcoin Adoption

For Naeem Aslam of Think Markets U.K., the current monetary policies adopted by central banks the world over are unsustainable. According to the market analyst:

Monetary policy has become a joke. All it did was fuel buybacks and inflate asset prices and as questions grow about how independent the Federal Reserve is and as we see it run out of options, people will turn to digital assets.

#ECB will consider if negative rates need mitigating #Draghi says ample degree of stimulus needed #Euro is plunging pic.twitter.com/Mqp00TqzCk

— Naeem Aslam (@NaeemAslam23) April 10, 2019

Travis Kling of Ikigai Asset Management recently espoused similar views, calling central bank policies more politicized. Thus, more people are choosing to employ Bitcoin as a hedge against the uncertainties of “irresponsible” monetary policies.

Ignorance is the Final Frontier

While several commentators agree that Bitcoin is set for a bullish 2019, there are still important issues that stifle a more broad-based adoption of cryptocurrencies.

Travis Scher, the investment chief at Digital Currency Group says a people need a lot more education to appreciate BTC and cryptocurrencies in general.

For example, a survey by the Russian Public Opinion Research Center showed that while 74 percent of Russians are familiar with BTC, only a handful truly understand how the technology works.

Commenting on the matter, Scher declared:

It’s a matter of education, realistically speaking, the average person on the street doesn’t know much about blockchain technology, but that’s no different from Internet-related stocks in the late ’90s.

Do you think Bitcoin has entered another bullish cycle? Share your thoughts with us in the comments below.


Images via Tradingview, Twitter (@NaeemAslam23), Shutterstock

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Osato Avan-Nomayo

Osato Avan-Nomayo

When I am not knee-deep in cryptocurrency-related news, I am either attempting to beat my scrabble high score or internally debating an existential dilemma.

Related Posts

Bitcoin exchange balances

Bitcoin Reclaims $28,000 As BTC Balances On Exchanges Fall

6 hours ago
Bitcoin

Bitcoin On-Chain Data Shows No Signs Of FUD Among Binance Users

21 hours ago
ChatGPT Bitcoin

The Top 10 Reasons To Buy Bitcoin, According To ChatGPT

22 hours ago
Bitcoin

Bitcoin Mining Hashrate Registers Third Largest 3-Month Spike In Last 5 Years

2 days ago
Micheal Saylor Microstrategy accumulates Bitcoin (BTC)

Microstrategy Repays Silvergate Loan As It Expands Bitcoin Holdings

2 days ago
Bitcoin United States Government

US Government Holds More Bitcoin Than MicroStrategy, Tesla Combined

2 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Trending Projects

  • 5 Best Upcoming ICO List of March 2023

    1 week ago
  • Crypto Investment for Long term: 3 Coins to keep your eye...

    1 week ago
  • Cryptocurrency to invest in March 2023

    1 week ago

Top Casinos

BitStarz
BitStarz
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
UU.Game
UU.Game
K8
K8

Press Releases

  • Latest ARB News: Avorak Shows Cross-Chain Intent With Space...

    39 mins ago
  • Love Hate Inu Raises $2 Million for Innovative Vote-to-Earn...

    3 hours ago
  • Crypto Headlines: Arbitrum (ARB) finds a tough Competition...

    5 hours ago
  • Want To Win Big? Experts Suggest To Choose TMS Network...

    7 hours ago
  • TMS Network (TMSN) AI Infrastructure Will Give You 100x...

    7 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.