Tom Lee Explains: Future Trends & Catalysts | 2019 Price Predictions | BTC ETF
In this video, Tom Lee explains future trends and catalysts in the cryptocurrency market and makes 2019 price predictions for Bitcoin and Ether.
Lee believes that Bitcoin ETFs are one of the most important catalysts for the market, as they will provide institutional investors with easier access to the market. He believes that the SEC will approve at least one Bitcoin ETF in 2019, which could lead to a substantial increase in the price of Bitcoin.
Lee also believes that the introduction of institutional trading platforms, such as Bakkt and ErisX, will help to drive the market forward in 2019. These platforms will enable institutional investors to trade cryptocurrencies in a more regulated and secure environment, which could lead to an increase in the number of institutional investors in the market.
Lee believes that the recent Bitcoin Cash fork will also have a positive effect on the market in the long-term, as the two sides have agreed to share the same transaction history. This could lead to an increase in the number of users in the market, which could have a positive effect on the price of Bitcoin.
Finally, Lee believes that the recent bear market has had a positive effect on the market, as it has created a more balanced market with more realistic prices. He believes that the market is now in a better position to move higher in the long-term.
Lee predicts that the price of Bitcoin could reach $25,000 by the end of 2019, while the price of Ether could reach $1,400.
