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Sunday, March 25, 2018

Crypto News: Alt-coin bear market is over, but bitcoin is still the best bet: Wall Street's Tom Lee

Alt-coin bear market is over, but bitcoin is still the best bet: Wall Streets Tom Lee

Thomas Lee, head of research at Fundstrat Global Advisors, said the bear market for small-cap cryptocurrencies is over. But he said he still thinks bitcoin is the best bet for investors.

"Increasingly, I think investors are comfortable that bitcoin is likely to be viewed as a commodity," Lee said Tuesday on CNBC's "Fast Money." "Whether regulations change around security tokens and registration, bitcoin sits in its own sphere."

"I'd still be buying bitcoin," he said.

In a note on Tuesday, Lee wrote, "We believe the alt-coin bear market is over," referring to cryptocurrencies other than major ones such as bitcoin and ethereum.


Full story HERE


Source: CNBC


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