Market News Opinion S&P 500 tom lee 

Weak US Economy Flashes ‘Risk On’ Signal for Stock Market Bulls

The S&P 500 extended its recovery on Friday, adding to Thursday’s solid bounce following an intense two-day stock market correction. The bullish price action prompted many traders to predict that the market’s bellwether index had already bottomed out. A professional trader believes that the SPX is bound to rally soon | Source: Twitter These traders are not alone in their optimistic outlook. Fundstrat co-founder Thomas Lee remains mighty bullish on the stock market. He believes that the S&P 500 will print new highs despite faltering economic data published earlier in…

Read More
bitcoin Bitcoin Analysis fundstrat Market News Opinion S&P 500 tom lee 

Want Bitcoin to Moon? You’d Better Start Buying Stocks –

Want the Bitcoin price to surge to new highs? You’d better start buying stocks – or at least invest in an S&P 500 index fund. | Source: Scott Olson / Getty Images / AFP It seems like a lifetime ago that the Bitcoin price grazed the $20,000 mark in late 2017, and bulls have been pining for a new breakneck rally ever since. According to Fundstart Global Advisors co-founder Tom Lee, the catalyst for BTC’s march to a new all-time high could come from an unlikely place: the stock market….

Read More
bitcoin Cryptocurrency News tom lee 

Bitcoin Could Break Through to a New High in 2019, Predicts Tom Lee

Bitcoin bull Thomas Lee is not the least bit spooked that investors didn’t flock to bitcoin while the stock market signaled a recession. | Source: YouTube/Upfront Ventures By CCN Markets: A debate has been raging about whether or not bitcoin should be deemed a safe-haven asset. After all, the leading cryptocurrency sure wasn’t behaving like one and investors sure weren’t doing a flight to safety in crypto while the equity markets were getting hammered this week. Even now, bitcoin is quietly holding onto $10,000 but not before having dipped below…

Read More
S&P 500 tom lee U.S. Market News us-china trade war 

Buy the Trade War-Induced S&P 500 Dip

Stock market bull Thomas Lee of Fundstrat has invited investors to “back up the truck” and load up on the trade war induced dip. | Source: AP Photo / Mark Lennihan Stock market bull Thomas Lee of Fundstrat has invited investors to “back up the truck” and load up on the trade war-induced dip in the S&P 500. His client letter comes at the end of an action-packed week full of economic data, a landmark interest rate decision, and political wrangling that caused volatility to spike across the board. Friday’s…

Read More
bitcoin Bitcoin Price News Bitcoin Regulation Cryptocurrency News Libra tom lee 

Bitcoin Still ‘Wildly Bullish’ Despite Sharp Recent Retreat, Experts Say

Despite the recent fall of Bitcoin, experts have not yet abandoned their bullish sentiment. In fact, it seems that current events have only served to reinforce this perception. While it is true that bitcoin experienced a sharp drop, breaking essential supports for swing and day traders, in a long term vision it is possible that this is only an exception or even a shadow in long-term candles, which could serve to provide further stability to trends. Tom Lee Remains as The Eternal Bullish Expert of the Crypto-verse One of the…

Read More
Binance Bitcoin in Media Changpeng Zhao Op-ed tom lee 

Binance CEO Zhao Morphs Into Bitcoin Grouch in Crypto Twitter Brawl

Bitcoin bull Changpeng Zhao, the CEO of Binance, has earned a reputation as an affable, laid-back guy enjoying the meteoric success of his popular cryptocurrency exchange. But is Zhao’s nice-guy persona merely an act? It seems that way, based on a testy Twitter exchange Zhao (who goes by “CZ”) had with several cryptocurrency reporters this weekend. Fake Bitcoin-Trading Volume Scandal Erupts The brouhaha erupted after Zhao reacted to a bombshell Bitwise report indicating that 95% of spot bitcoin trading volume is fake. “Sadly, most investors who can’t tell real versus…

Read More
Bitcoin Price News Blockchain Capital fundstrat Mike Novogratz Spencer Bogart tom lee Video 

Spencer Bogart Maintains its $50k Bullish Target for Bitcoin

Bitcoin has lost 80% of its market capitalization amidst a market-wide crash this year. But Spencer Bogart believes the digital currency can still correct up to 1328% from its current value. The Blockchain Capital partner told CNBC that he expects bitcoin to touch $50,000 in the future, similar to what he predicted during the digital currency’s famous bull run in 2017. However, this time, Bogart shied away from giving any timeline for his projection. “At Blockchain Capital, we are long-term venture investors, so we are never doing short-term price targets,”…

Read More
bitcoin Bitcoin Analysis Bitcoin Opinion Bitcoin Price News FAANG fundstrat tom lee 

Tom Lee Stands by $15,000 Year-End Bitcoin Price Target

Twitter Facebook LinkedIn Fundstrat co-founder Tom Lee stands by his reduced year-end bitcoin price target of $15,000, saying continued fallout from a market slump in tech stocks is putting pressure on cryptocurrencies. Lee’s new prediction is a dramatic drop from the bullish $25,000 price target he had set in early-2018, when the crypto market seemed poised for a major explosion. “Global markets have seen liquidity dry up, and bitcoin is not necessarily a value asset — so as growth stocks, tech, and FAANG come under pressure, it’s going to hurt bitcoin,”…

Read More
Bitcoin Analysis fundstrat tom lee 

Bitcoin the ‘Best House in a Tough Neighborhood’: Wall Street Strategist

Despite the positive news seen in the crypto space recently with ICE, the owner of the world’s largest stock exchange, setting up a new bitcoin market, the rumors that bitcoin ETFs are on the way (but maybe not in 2018), and the classification of bitcoin as a commodity by the SEC, the price of bitcoin and altcoins has been steadily dropping in the current downward trend, with bitcoin sliding back below the $7,000 mark once again. CCN reported yesterday that despite a $5 billion rebound in the crypto market, low…

Read More