Author: Nikolay Dimitrov
Date: 10th of July 2018
Do not make investment decisions based on this article – read the disclaimer before you proceed.
On the 5th of July, 2018, Tom Lee, Co-founder of Fundstrat Global appeared in an interview at cnbc stating his opinion that bitcoin will be more than 20,000 USD by the end of 2018.
His reasoning is that the average price of bitcoin is about 2,5 times its mining cost, which by the end of the year should be at around 9,000 USD.
Another statement in this interview was that 100% of the time Bitcoin was below mining cost, if bought at that time the person would in profit at a later time.
He also would choose Bitcoin over other altcoins.
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