Fundstrat Global Advisers co-founder and the only major Wall Street strategist to cover bitcoin, Tom Lee, recently revealed he sees the cryptocurrency hit a $20,000 price tag by midyear. Behind his vision, according to CNBC, are historical price trends and crypto-related announcements issued by major companies.
Lee addressed an announcement by Japanese e-commerce giant Rakuten, which is set to launch a cryptocurrency dubbed “Rakuten Coin,” as part of the company’s existing loyalty program. Per the Wall Street strategist, this is an example of positive developments within the industry.
“The announcement by Rakuten
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