By cryptoadmin 
Fundstrat chief funding officer Tom Lee says those that flip a blind eye to Bitcoin probably imagine that BTC will ultimately plunge all the way in which right down to zero.
In an interview on the World Cash Discuss YouTube channel, Lee says Bitcoin has confirmed its endurance after over a decade of existence.
He additionally notes that it’s now not possible for Bitcoin to fade, provided that the incoming Trump administration has repeatedly expressed its help for the biggest crypto by market cap.
“I feel that it’s in all probability higher to simply observe a number of issues. One is Bitcoin has now been round for 15 years, and there has not been a Bitcoin 2.0. So there’s no crypto 2.0, Bitcoin is the surviving chain.
And Bitcoin has change into a $2 trillion asset which by no means in monetary historical past has something reached $2 trillion after which disappeared. It’s a distinct argument if it was $100 billion.
Third is the US authorities [has] reiterated its dedication to make Bitcoin a strategic reserve asset. That’s not unhealthy for the value of Bitcoin. So if somebody is watching this and mentioned, ‘Properly, they don’t perceive Bitcoin in order that they determine to not personal it.’
It’s a catastrophic means to take a look at markets.”
Lee additionally believes that the macroeconomic backdrop seems to be performing as a tailwind for danger belongings like shares and crypto, not less than for the primary half of the 12 months. He provides that his bullish stance is supported by jittery market sentiment and the huge amount of money nonetheless ready within the wings.
“There’s in all probability room for extra optimistic surprises within the first half as a result of we have now an incoming president that’s very pro-business, in all probability essentially the most pro-business president in trendy occasions. And with, thus far, the cupboard picks that the market could be very proud of. In order that ought to be offering room for buyers to change into optimistic which they name ‘animal spirits.’
And the second tailwind is that the Fed is dovish. And what meaning is that the central financial institution is easing. In order that’s optimistic for shares.
The third is buyers are cautious as a result of virtually everybody we talked to thinks valuations are costly or as a result of we’ve had two good years, [the next year] needs to be unhealthy. So we all know sentiment is cautious. Often when individuals are cautious, you then wager towards the warning.
And the fourth is that we all know mechanically there’s a variety of money on the sidelines. There’s a variety of firepower – $7 trillion of money on the sidelines.
So I might see this as optimistic for the primary half of [this] 12 months.”