Tom Lee: Bitcoin Will Beat Dow Jones to $40,000

Tom Lee: Bitcoin Will Beat Dow Jones to $40,000

Gate Trade News Wednesday, February 12, 2020 71 0

During his recent appearance on CNBC's 'Power Lunch,' Fundstrat Global Advisors co-founder, Tom Lee predicted that the Bitcoin (BTC) price could witness a moonshot to $40,000 this year. His bullish prediction comes after the coin took a nosedive below $10,000. The Fundstrat analyst thinks the Dow Jones Industrial Average would be first in a race to 30,000. However, Lee later corrected himself in a tweet, claiming that BTC would beat the Dow to $40,000.