NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Crypto Bull Tom Lee: “The Fair Value of Bitcoin Right Now is $14,000”

Rick Delafont
Rick Delafont
1 year ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Ever-the-optimist when it comes to crypto, Tom Lee has stated that he thinks a fair price for Bitcoin is $14,000. He bases this opinion on the cost to mine a Bitcoin and what he considers a traditional markup on commodities.

The managing partner and head of research at Fundstrat Global Advisors also stated that the ongoing bear market of 2018/19 was over. He believes that infrastructure developments and the accumulation of Bitcoin by so-called whales is behind the change in price trends seen thus far in 2019.

Tom Lee: Infrastructure, Turmoil, and Whales Driving Bitcoin Rally

Tom Lee has appeared once again on CNBC’s “Squawk Box” segment. This time, the Fundstrat manager and researcher provided insight into the latest price rise that took Bitcoin from around $4,119 at the beginning of April to a high of $5,300 yesterday according to Coinmarketcap.

After a “rough 2018”, he stated that the Bitcoin price had been heading up for most of 2019. He attributed this to original investors one again accumulating Bitcoin. Many of these, according to Lee, managed to sell at the top of the 2017 price run up in late December.

Lee believes that several factors are influencing these original Bitcoiners to reload. Amongst them is the growing interest from parts of the suffering from poor government money management or political instability and greater infrastructure development from the likes of Fidelity Investments and the much-anticipated Bakkt platform.

Although not entirely sure what caused the sudden move at the start of April, Lee stated that there was:

“… real evidence that there’s a lot of dry powder.”

He went on to say that the crypto community kept a lot of cash and was waiting for Bitcoin to break below $3,000. When it failed to do so and instead made the recent upwards move, much of this cash poured back in.

FYI, @CNBC interview on BTC with @BeckyQuick, and our take on why the 40% rally in $BTC is credible… @SquawkCNBC https://t.co/5WGfUzW00J

— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) April 4, 2019

Perhaps the most interesting part of the short interview was when Lee gave his opinion that the fair price of Bitcoin is around $14,000. When prompted for explanation, he opined that the price of a commodity is often two to three times its cost of production when in a bull market.

Since Lee estimates that the cost to mine a single Bitcoin is now around $5,000 to $6,000 and therefore a fair valuation is between two and three times that figure. He briefly stated that since Bitcoin has crossed over the 200 day moving average, the market is indeed bullish. He therefore joins a sizeable and growing group of crypto commentators that believes the bear market of 2018 is now over and the bottom is in.

Finally, Lee was asked whether he was buying Bitcoin right now. He largely skirted the question, stating that Fundstrat recommended that individuals invest one to two percent of their net worth in Bitcoin. This according to the presenter was crazy and akin to gambling. Lee largely agreed but sees no problem with a high risk, high reward investment with a small percentage of a portfolio.

The interview concluded with Lee arguing that Bitcoin makes most of its gains in a 10 day window. Therefore, his advice for those wanting to cash in on those gains is simple:

“You’ve got to essentially hold [Bitcoin], or hodl it, as they say, to really capture the gains.”

 

Related Reading: Bitcoin Price Surged More In 1 Hour Than Last Two Months Combined

Featured Image from Shutterstock.
Tweet123Share257ShareSend
Rick Delafont
Rick Delafont

Rick Delafont

Based in Europe, Rick has written about the cryptocurrency industry since 2016. He was first drawn to Bitcoin as a means of payment but quickly became fascinated by its wider potential implications. His interests lie in the political, economic, and social impact of the unfolding digital asset revolution.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin Exchange Inflows Spike After $123,000 Peak – Signs Of Short-Term Cooling?

Bitcoin (BTC) surged to a new all-time high (ATH) of $123,218 earlier today, pushing its market cap beyond $2.4 trillion....

Ash Tiwari 5 hours ago
Bitcoin Price Breaks $100K

Bitcoin Price Retreats After Hitting ATH — Bulls Pause for Breath

Bitcoin price started a fresh increase above the $118,500 zone. BTC traded to a new high above $120,000 and recently...

Aayush Jindal 6 hours ago

【全新升級】Bitunix整合TradingView圖表系統 打造移動裝置專業加密交易 

隨著全球加密市場逐漸邁向成熟,交易者對於圖表分析與下單體驗的要求也日益提高。作為全球成長最快的加密衍生品平台之一,Bitunix 率先將TradingView完整整合進其Web與App端,實現跨裝置一...

Peter Chow 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Strategy Grabs Another $472M In Bitcoin—Even With Price At ATH

Keshav Verma 1 hour ago
memecoins, crypto, trump, memecoin

Top Crypto Exchanges Made $172 Million From TRUMP Memecoin Listing – Report

Rubmar Garcia 2 hours ago
Spot Volume Drop on Binance Preceded Bitcoin’s Price Surge, Data Shows

Spot Volume Drop on Binance Preceded Bitcoin’s Price Surge, Data Shows

Samuel Edyme 4 hours ago

Premium Sponsors

Press Releases

  • ARK Unveils the DeFAI Narrative: A New Chapter in On-Chain...

    4 minutes ago
  • Ove 3 kriptovalute ispod 1 dolara mogle bi pretvoriti 200 USD u milijune do 2027.

    Ove 3 kriptovalute ispod 1 dolara mogle bi pretvoriti 200...

    1 hour ago
  • Aceste 3 monede sub 5 lei ar putea transforma o investiție de 1.000 RON în 10 milioane RON până în 2027

    Aceste 3 monede sub 5 lei ar putea transforma o investiție...

    2 hours ago
  • How XRP Users Can Make $1 Million from $100 in No Time at...

    7 hours ago
  • Aceste 3 monede sub 5 lei ar putea transforma o investiție de 1.000 RON în 10 milioane RON până în 2027

    2 достъпни криптовалути с...

    12 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.