Fundstrat Global Advisers Co-Founder Thomas Lee suggested that bitcoin's volatility makes a long-term approach towards it more appropriate for most traders in a tweet published on June 27.
"For most, taking a long-term view is more appropriate."
Lee's remarks were an answer to a Bloomberg's tweet pointing out that bitcoin is up 39% this week, but that it has lost over $1,800 of value within about 10 minutes today in a correction.
"The current price surge for bitcoin has many people fearing they will miss out on a big opportunity to make a lot of money. But buying bitcoin is still akin to gambling."
As Cointelegraph reported earlier today, Amazon-owned, leading game streaming platform Twitch has enabled bitcoin and bitcoin cash payments again amid crypto market uptrend.
News broke that BitMEX, the world's largest cryptocurrency trading platform, saw record volumes across its operations as bitcoin hit $13,000.
Fundstrat Co-Founder Thomas Lee Says Bitcoin's Volatility Favors a Long-Term Approach
Publicado en Jun 27, 2019
by Cointele | Publicado en Coinage
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