The leading cryptocurrency by market capitalization, bitcoin (BTC) remains in the center of attention and its future is a continuous source of concern for analysts. Thomas Lee, is one of those experts who never miss an opportunity to share their thoughts on the future of the queen of crypto. The co-founder of Fundstrat Global Advisors recently expressed optimism about the future of bitcoin.
A cryptocurrency with a bright future
Financial giant BlackRock recently relaunched the bull run. Bitcoin is getting a boost from the US multinational’s ETF request. And, many analysts predict a bright future for the queen of cryptocurrencies. The latest is the co-founder of Fundstrat, Tom Lee.
The expert believes that the worst is over for the flagship cryptocurrency. According to him, the digital asset has shown remarkable resilience despite the turmoil, particularly the recent regulatory crackdowns. During an interview with CNBC, Tom Lee states : “ Bitcoin was tested this year because some of the biggest regulatory hammers came down on cryptocurrencies and bitcoin, and it hit rock bottom. He reached his bottom “.
Tom Lee remains confident and thinks better days are ahead for this cryptocurrency, especially with the interest of the TradFi giants. ” There was kind of a stage exit for a lot of players, but we replaced them with traditional players who have a lot of credibility, like BlackRock and Citadels, who got into bitcoin. So I think there is reason to be optimistic he asserted.
Towards an increase in the number of bitcoin hodlers?
There could also be an increase in the number of bitcoin hodlers in the coming years, according to Lee. The analyst points out that bitcoin is popular with millennials. He claims that these will soon inherit significant wealth and have more digital assets. This will increase the number of bitcoin holders.
He declares : ” It’s like a question of generation. I think gold is kind of a baby boomer thing, while bitcoin is more about millennials. But, as we know, in the next 20 years much of the wealth will be transferred to younger people “.
Like Tom Lee, several other analysts place high hopes on the flagship cryptocurrency. Recently, American entrepreneur and analyst Michael Saylor predicted a bitcoin-driven crypto industry.
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