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Tom Lee: "Be ready to buy cryptocurrencies on the decline"
In an interview with CNBC, the founder of Fundstrat warned that due to the upcoming US presidential elections, the market may become unpredictable and face short-term fluctuations. Lee urged investors to act cautiously, while being ready to buy digital assets and look for strategic opportunities to enter the crypto market at more favorable rates.
According to Lee, market sentiment is changing. Therefore, those who buy cryptocurrencies for a long time and are willing to wait patiently can win by buying at a lower rate. According to Tom Lee's forecast, the bitcoin exchange rate was expected to reach a new high of $150,000 during this year. Lee believes that in five years, the first cryptocurrency will be trading for $500,000.
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We are always ready to buy when a drawdown. In general, we will wait and see. Thanks for the interesting information.😊
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Always in the process of learning. I like to travel and meet interesting people.