It’s Good Time To Buy Cryptocurrency: Fundstrat’s Strategist Tom Lee
Tom Lee, who is a Funstrat strategist, thinks it’s a good time for buying altcoins. He thinks, that “Great Crypto Rotation” is coming.
Lee said to CNBC’s Fast Money :
“We think 2018 is going to be a story about rotation. But the rotation we’re referring to is among the smaller alt-coins and the large platform tokens.”
At recent time cryptocurrencies like Ripple, Cardano, Lumens, IOTA and NEM have grown significantly and Lee believes that small-cap tokens gains are moving into large-cap coins.
There were some negative news from China and South Korea, which made Bitcoin to drop under $10,000 before recovering its positions.
Thus, people who look for the Bitcoin developments, are able to use this market slump as a good opportunity to enter the market buy alt-coins with a prospects to sell them for high prices later. Tom Lee is bullish on Bitcoin and believes it will reach $25,000 this year.