Bitcoin could reach $ 40,000 this year, thanks to Donald Trump and his Twitter
As reported in CryptoTendencia, the president of the United States, Donald Trump, recently commented on Bitcoin and cryptocurrencies as Libra via Twitter, generating predictions for the price of the main cryptocurrency.
He basically commented: “I’m not a fan of Bitcoin and other croupiers,” adding that “their value is highly volatile and is backed up in the air.” His comment that was echoed in a few hours by all the crypto, generated reactions of all kinds, labeling from ignorant to clown.
Before his comment, Tom Lee said in an interview that Trump’s recent criticisms of Bitcoin and cryptocurrencies are good for this emerging industry and that they will further boost Bitcoin. Lee, who is the head of research at Fundstrat Global Advisors said:
In summary, it is positive because the cryptocurrencies and Bitcoin are really on the main stage now: the Congress, the FED and the President are of the opinion. Is very surprising. A year ago I would not have imagined it … it’s going to force the other 98% of the world to think what cryptography means and I think it’s going to be a positive in general.
Like other voices defending crypto, Lee believes that Bitcoin has overcome this “media attack” by the representative of the White House and their dollars because he believes that what happened was a free advertising that will alert 98% of the population of the world that is not yet involved with cryptocurrencies.
Likewise, Tom Lee took the opportunity to comment on its projection in the price of BTC, since he believes that with the combined impulse for attention to Libra from Facebook and the FOMO by investors could bring the price of Bitcoin to new highs of between $ 20,000 and $ 40,000 for the fourth quarter.
According to your prediction; Lee mentioned that the cryptocurrency would have to surpass the $ 13,400 level that has proven to be a level of resistance this year. If this level is exceeded, it could signal the bullish rally by the end of the year. However, Lee made it clear that while Facebook’s Libra would be a firm step for more people around the world to feel comfortable with digital currencies, he does not see it as a necessity to reach new highs.
Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin.