In a recent interview with CNBC, the founder of Fundstrat Global Advisors has expressed his surprise by the drop in crypto volatility.
Lee told CNBC:
“It’s surprising given how small bitcoin is in terms of market cap. The total crypto market cap is $200 billion, on close to $90 trillion of global assets that have actually seen a correction…so I’m pleasantly surprised.”
According to current data, the bitcoin’s volatility has fallen below that of tech stocks and many major companies such as Amazon and Netflix.
Earlier in October, Lee reconfirmed in the interview with Crypto Tips his prediction that in the future, Bitcoin (BTC) will succeed to hit $25,000.
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