How BITCOIN will soar to $25,000

in #bitcoin • 7 years ago

FundStrat Global Advisor co-founder Tom Lee explains different methodologies for valuing bitcoin. Lee shares his short-term and long-term bitcoin price targets based on these valuation methods.

In the short-term we think bitcoin has really followed very closely the idea of acting like a social network. Meaning the more engagement there is, the greater the value rises.

Bitcoin represents a store of value because it's an encrypted — personal encrypted database, that for seven years hasn't been hacked.

Source: http://read.bi/2yTG1wV

#blockchain #cryptocurrency #economy
7 years ago in #bitcoin by
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