In the words of Cointelegraph columnist Gustavo Godoy, "The world of cryptocurrencies is full of surprises, opportunities and risks. Every day, investors face the uncertainty of a volatile and changing market, which can offer big profits or big losses."
I agree with Godoy's approach, as certainly the price action of cryptocurrencies gives us opportunities every day, but at the same time it puts us in a world of risks where we can lose the little or much we invest.
From Godoy's perspective, "One of the most well-known and controversial figures in the world of cryptocurrencies is Tom Lee, the co-founder and head of research at Fundstrat, an investment fund specializing in stock market and cryptocurrency analysis. Lee is famous for his predictions on market behavior, which he often gets right with great accuracy, but sometimes not."
On the other hand, "In a recent interview, Lee stated that Bitcoin could reach $150,000 by 2024, based on the four-year cycle that characterizes this cryptocurrency. According to Lee, Bitcoin is in an accumulation phase, which precedes an expansion phase, in which the price skyrockets"
To culminate, "There are many investors who admire Tom Lee for his ability to anticipate market movements, especially in times of volatility and uncertainty. These investors value his positive and optimistic approach, which inspires confidence and hope."
SOURCES CONSULTED
Cointelegraph. Bitcoin at $150K? Tom Lee of Fundstrat believes it is possible in 2024. Link
OBSERVATION:
The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Cryptonews
