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Wall Street strategist Tom Lee told CNBC on Monday that last week’s Bitcoin collapse has not shaken his bullish resolve, saying he’s standing by his $100,000 per BTC year-end price target.
“I think bitcoin is hyper-volatile. That’s the nature of it, but that’s what creates the reward for people,” Lee said in an interview on “TechCheck.”
“Again, even though bitcoin is in the penalty box now, I still think it could exit the year over $100,000,” said Lee, co-founder and head of research at Fundstrat Global Advisors.
In other trending Bitcoin News today: AMC Plans To Accept Bitcoin At Movie Theaters By The End Of 2021!
Speaking during a Monday conference call regarding the firm’s Q2 results announced earlier the same day, AMC chairman and CEO Adam Aron revealed that the cinema chain intends to have the infrastructure ready to accept BTC payments for online movie tickets by the end of 2021.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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