{"id":15081,"date":"2021-12-08T04:54:12","date_gmt":"2021-12-08T04:54:12","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/fundstrats-chief-strategist-predicts-bitcoin-still-has-exponential-growth-ahead\/"},"modified":"2021-12-08T04:54:12","modified_gmt":"2021-12-08T04:54:12","slug":"fundstrats-chief-strategist-predicts-bitcoin-still-has-exponential-growth-ahead","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/fundstrats-chief-strategist-predicts-bitcoin-still-has-exponential-growth-ahead\/","title":{"rendered":"Fundstrat\u2019s Chief Strategist Predicts Bitcoin Still Has \u2018Exponential Growth Ahead\u2019"},"content":{"rendered":"

Fundstrat Global Advisors\u2019 head of research says bitcoin still has \u201cexponential growth ahead\u201d of it. While acknowledging recent price swings of the cryptocurrency, the strategist emphasized that bitcoin has so far regained its losses in short periods of time.<\/strong><\/p>\n

Bitcoin Still Has \u2018Exponential Growth Ahead\u2019<\/h2>\n

Fundstrat Global Advisors\u2019 managing partner and head of research, Thomas Lee, talked about the outlook for bitcoin in an interview with CNBC Monday.<\/p>\n

Lee is a Wall Street strategist with more than 25 years of experience in equity research. Prior to co-founding Fundstrat, he was J.P. Morgan\u2019s chief equity strategist from 2007 to 2014.<\/p>\n

The Fundstrat strategist recommends investment in bitcoin, emphasizing that the cryptocurrency still has \u201cexponential growth ahead\u201d as it becomes more mainstream.<\/p>\n

While acknowledging that the price of BTC<\/a> suffered a decline recently, he insisted that it made more sense to hold the cryptocurrency through volatility rather than trade the fluctuations. He explained:<\/p>\n

Every year, bitcoin makes all of its gains in 10 days and if you don\u2019t own bitcoin for those 10 days, you are down 25% a year. To me, the kind of weekend massacre that happened, it\u2019s painful but it\u2019s pretty common.<\/p>\n

Last week, Lee commented<\/a> on Square CEO Jack Dorsey stepping down as the CEO of Twitter. The Fundstrat strategist sees Dorsey\u2019s departure as bullish for crypto. He emphasized that it is still the earliest days for the crypto space, not only for projects like Bitcoin and Ethereum but also \u201cthe amount of crypto equities and businesses built around crypto.\u201d<\/p>\n

Lee is not the only one who sees an upside to bitcoin. Billionaire Barry Sternlicht, the chairman of Starwood Capital Group, said last week that bitcoin could be worth a million dollars<\/a> a coin. Meanwhile, Microstrategy\u2019s CEO sees bitcoin becoming a $100 trillion asset class<\/a>. Skybridge Capital founder says bitcoin will easily trade at $500K<\/a>, urging investors to buy BTC<\/a> right now.<\/p>\n

Do you agree with Thomas Lee? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nMarkets and Prices, bitcoin exponential growth, Bitcoin Price, bitcoin’s price, Fundstrat, fundstrat bitcoin, fundstrat crypto, Thomas Lee, Tom Lee, wall street strategist<\/p>\n","protected":false},"excerpt":{"rendered":"

Fundstrat Global Advisors\u2019 head of research says bitcoin still has \u201cexponential growth ahead\u201d of it. While acknowledging recent price swings of the cryptocurrency, the strategist emphasized that bitcoin has so far regained its losses in short periods of time. Bitcoin Still Has \u2018Exponential Growth Ahead\u2019 Fundstrat Global Advisors\u2019 managing partner and head of research, Thomas…<\/p>\n","protected":false},"author":0,"featured_media":15082,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-15081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/15081"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=15081"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/15081\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/15082"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=15081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=15081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=15081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}