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Bitcoin

Tom Lee from Fundstrat says about two factors that prevent Bitcoin from going to the “moon” despite the strong demand from the traded investment funds

Tom Lee, one of the founders of Fundstrat, Tom Li, highlights two possible reasons for the reason for the failure of Bitcoin (BTC) to go to the “moon” despite the funds circulating in the immediate exchange of encryption (ETFS) with “launching the most successful product in history”.

In a new CNBC interview, Lee He says One of the reasons that could be the strategy used by the instant investment funds in Bitcoin to collect the main digital assets.

“I think what happened is two things. One of them is a lot of these investigative boxes that may receive an in -kind exchange. So people have their encryption keys, give them to the ETF provider, then ascend their basis. So this will not raise the price of Bitcoin.”

Cuistrat Cio says that achieving profits between early bitcoin investors may play a role in suppressing the price of the largest encryption assets by the maximum market.

The second is that those who do not participate in the circulating investment funds, but they may have $ 10 bitcoin … We have customers who bought Bitcoin at $ 100 and now it is $ 100,000. They do not care if Bitcoin rose to a million dollars. They may be about $ 100,000.

So we beyond the base now because 95 % of the institutional world does not have Bitcoin. But a very large part of Bitcoin holders sit on huge gains. So I think this is the chaos that happens in Bitcoin now. “

The investment funds circulated in the United States witnessed Bitcoin 48.608 billion dollars in network Flowing since its launch in January 2024. Bitcoin is traded at $ 107,290 at the time of writing this report, about the same price that was on December 2024.

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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.

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