Tom Lee, the founder of Fundstrat, is as bullish as ever on Bitcoin, claiming that it will easily reach its new ATH during a recent episode of CNBC’s ‘Futures Now.’ The number one coin has recently experienced a slight pullback, currently hovering above the $9,000 level.
Libra is good for Bitcoin
Lee claims that Facebook’s recent announcement is a ‘complete validation’ that mainstream companies are now focused on crypto. Hence, it flies in the face of those who try to push the “Blockchain over Bitcoin” narrative.
I think that this is actually a very bullish development for Bitcoin. I think it’s really bad for stablecoins.
Lee also thinks that the likes of Gemini will struggle with adoption, and Libra will become the dominant stablecoin.