On the air of the Squawk Box Lee, the market said that the market can reach the bottom this week, after which a rebound is expected, which will positively affect the cost of the main cryptocurrencies.
Lee believes that now digital assets demonstrate increased volatility. This is due to uncertainty, caused by the fact that US President Donald Trump did not realize the election promises given to crypto -investors. In addition, the market is affected by the policy of the Master of the Department of Efficiency of State Administration (DOGE), which is headed by billionaire, which provides for a strict reduction in budget expenditures.
Lee said that the fall of bitcoin is more due to cyclic market fluctuations, and not with fundamental negative factors. According to the expert’s forecast, in the short term, the price of bitcoin may drop to $ 62,000 – however, by the end of the year it will exceed $ 150,000.
Earlier, the chief investment director of the Maelstrom venture company and the co -founder of the Bitmex crypto -tank Arthur Hayes in the Essie “The Kiss of Death” suggested that the closest worst script for Bitcoin is a fall below $ 70,000.
Source: Bits
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