Tom lee says, Bitcoin Price Headed to $11,500

Lee, a co-founder of Fundstrat Global Advisors.

Tom Lee is altering this assessment. As reported by (CNBC) Fundstrat is raising its mid-2018 bitcoin price target to $11,500, predicting that bitcoin’s recent dip below $6,000 removed any weak hands from the markets.

Lee, who predicts a Bitcoin price of $25,000 in the next five years, says that Bitcoin cannot be in a bubble, in spite of the substantial price run up in the past year. Lee answered Bitcoin critics by saying.