General World News

TOM LEE: Bitcoin’s bloodbath was totally normal, and now offers ‘the biggest buying opportunity in 2018’

Tom Lee

  • Tom Lee, the managing partner and head of research at Fundstrat Global Advisors, sees bitcoin’s recent slump as a buying opportunity.
  • He notes that bitcoin has seen similar patches of wild volatility in recent months, and that the 34% decline seen over the past two days is normal.

Tom Lee doesn’t get all the fuss about bitcoin‘s recent skid, which some experts characterized as a “bloodbath.”

Sure, the wildly popular cryptocurrency plunged as much as 34% in just two days, hitting an intraday low near the $9,185 level, but Lee says that sort of whipsawing price action read more >>>

Source:: BusinessInsider.Com