The founder of investment management company Michael Lee Strategy stated that “Bitcoin’s best days are definitely ahead” and it is expected that this cryptocurrency will “set a record high”. The strategist further stated that “it will take a long time before we see the Fed or other central banks around the world adopt any form of reduction or any form of restrictive policies.”
Market strategists expect Bitcoin to hit a record high
Michael Lee, the founder of Michael Lee Strategy, shared his views on Bitcoin in an interview with Fox Business on Monday.
Michael Lee Strategy provides wealth planning and investment management through Compass Financial as an investment consultant representative. Lee is the former vice president of Morgan Stanley’s Institutional Middle Market.
Commenting on the Bitcoin price reaching $60,000 earlier this year, Li said: “This is just a side effect of the constant printing of money.” He refuted the following theories: Bitcoin The price increase on Monday was due to rumors Amazon May be accepting Bitcoin and other cryptocurrencies for payment.The e-commerce giant issued a job posting last week seeking Digital currency and blockchain leading.
Lee said: “Cryptocurrencies, especially Bitcoin, have the best days ahead.” Noting that “Bitcoin is your forerunner,” he believes that this cryptocurrency “will be as profitable or more profitable as any other cryptocurrency.” many.”
“I think it’s difficult to explain some of these trends, but it is largely a momentum asset class,” he continued. “So, once you gain a bit of upward momentum, subsequent transactions will continue to pop up. Then all of a sudden, you went from $29,000 to nearly $40,000 in a little over a week.”
When announcing that he is the owner of Bitcoin, Lee said, “I think it will take a long time for us to see the Fed adopt any form of reduction or any form of restrictive policy.” The strategist emphasized, “It is not only the Fed. The same goes for global central banks,” the strategist concluded:
This is why I think Bitcoin may reach a record high, maybe, maybe not in the next few months. But Bitcoin’s best days are definitely before it, not behind it.
Do you agree with Lee’s point of view? The best days of Bitcoin have passed? Tell us in the comments section below.
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