Tom Lee is the head & managing partner of Fundstrat Global Advisors. Previously, he served at J.P. Morgan and Salomon Smith Barney. Lee considers to be one of the famous bitcoin bulls due to his promising crypto forecasts.
According to Lee, the main reason for breaking down bitcoin’s forecast was the level at which crypto mining costs math the trading mark.
“While bitcoin broke below that psychologically important $6,000, this has lead to a renewed wave of pessimism.”