Fundstrat's Tom Lee Expects Bitcoin to Reach New Highs Later In 2019
Tom Lee discusses the possibility of Bitcoin reaching new highs later in 2019. Despite some turmoil in the global markets, Tom is still bullish on the traditional markets. Bitcoin has lost the inverse correlation to USD and has gone negative on the correlation with equity markets. In his view, this makes Bitcoin a great hedge to potential global risks and that is why institutional investors should seriously consider adding it to their portfolios.