Tom Lee, the managing partner and head of research at Fundstrat Global Advisors, sees bitcoin's recent slump as a buying opportunity.
He notes that bitcoin has seen similar patches of wild volatility in recent months and that the 34% decline seen over the past two days was not unusual.

Tom Lee doesn't get all the whine about bitcoin's current slip, which a few specialists portrayed as a "bloodbath."

Without a doubt, the uncontrollably famous cryptographic money dove by as much as 34% in only two days, hitting an intraday low close to the $9,185 level, yet Lee says that kind of whipsawing value activity is typical for bitcoin.

Lee, the overseeing accomplice and head of research at Fundstrat Worldwide Consultants, brought up in a customer note distributed Thursday that bitcoin had seen comparative changes in the course of recent years. He noticed that since mid-2016 it had seen six arouses of over 75% and six offer offs surpassing 25%.

The graph beneath demonstrates this example at work. As Lee put it: "What occurs in years in value markets is a very long time in the crypto world."