In an interview with CNBC, Tom Lee believes that Bitcoin (BTC) will see $ 100,000 in 2021, despite the big correction it has gone through.
The leading crypto money dropped to the level of $ 30,000 on May 19. This means a decrease of approximately 54%.
Considering that Bitcoin has never faced a correction of more than 50% in the previous bull cycle, the possibility of Bitcoin going up this much is questionable.
Lee points out that he never owned Bitcoin for more than 24 months in order not to lose money. According to the analyst, although Bitcoin is “extremely volatile,” he thinks Bitcoin holders will get their rewards from these fluctuations.
Lee had set Bitcoin’s target at $ 120,000 prior to the big correction.
Hello there! My name is Oktay from Tokensboss editors. I introduce myself as a business graduate and writer. I have been doing research on cryptocurrencies and new business lines for over 2 years.