Cryptocurrencies
Wall Street’s Biggest Bitcoin Forecaster Gives Up Forecasting Bitcoin
- Fundstrat founder has stopped giving crypto price targets
- Both bulls and bears had trouble forecasting Bitcoin in 2018
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For a sense of how tough 2018 has been for Bitcoin forecasters, look no further than Tom Lee’s latest cryptocurrency research report.
“We are tired of people asking us about target prices,” the co-founder of Fundstrat Global Advisors wrote in an emailed note to clients on Dec. 13. He continued: “Because of the inherent volatility in crypto, we will cease to provide any timeframes for the realization of fair value.”