:Tom Lee:”Trump's attack on crypto could push bitcoin up to $40,000 by year-end”

“Bitcoin is now trading at a level that it’s only seen 3% of its historical days,” he said. “If you go back to every milestone that that was achieved, bitcoin subsequently rallied somewhere between 200% to 400% within the next four months, so I think if that’s playing out this time that means bitcoin could be $20,000 to $40,000 sometime in the fourth quarter.”

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To get there, Lee mentioned that the cryptocurrency would need to surpass the $13,400 level that has proven to be a level of resistance this year. Doing so could signal the eventual rally to his year-end prediction. However, Lee made it clear that while Facebook’s Libra would be a strong onramp for more people around the world getting comfortable with digital currencies, he doesn’t see it as a necessity to hit new highs.

“In a world without Libra, is crypto going to be successful? Absolutely. So I don’t think it changes the longterm outlook for bitcoin,” Lee said. Please Read More Here