Thomas Lee, the head of Fundstrat, stated that the worst might be over for bitcoin and the further decline in value isn’t expected. Moreover, there are some talks about price recovery among experts. These hopeful statements come in a difficult period for crypto, as in the last month alone its trading value was reduced by $2,695.53, which constitutes a decline of 26.14 percent.
Although Mr. Lee admitted the growing worries of investors, he still expressed his confidence in bitcoin and urged the public to hold their digital assets.
“Bitcoin is a great store value. It works really well. It’s kind of boring because it’s not the latest and most exciting project. But it also is one of the most liquid ways to get exposure to crypto.”
Mr. Lee reminded the public that the surge in prices happens only on “a handful of days each year” and that this is the main reason to hold crypto now. Indeed, the staggering growth to $20,000 occurred in just one month, which was followed by a period of decline in prices. One thing seems to be clear: the crypto assets are going to remain volatile.