Bitcoin will significantly rise in price by the end of 2019, says Tom Lee, co-founder of Fundstrat Global Advisors. He believes that in the near future, the cost of the first cryptocurrency can update the historical maximum, which was set at $ 20,000 in 2017.
“Keeping 1-2% of your capital in Bitcoin for risk hedging is a smart bet,” – Lee said.
He added that the first cryptocurrency does not correlate with the stock market and recalled the growth of the asset from $ 3,000 to $ 13,000 this year. According to the analyst, Bitcoin is a protective asset in times of instability.
Not all adhere to this opinion. For example, analyst Larry Chermak believes that it is too early to call a coin “safe haven”. He explained his position by the fact that during the financial instability in China, when the yuan experienced a fall to an 11-year low, the price of Bitcoin in this country remained 2% below the average market.