Lee noted that mass adoption is critical to Bitcoin’s upward correction. Tom Lee also see Bitcoin’s fair value at $150,000 per coin. The founder of Fundstrat, a leading financial advisory firm Thomas Lee reckoned that the “fair value of Bitcoin (BTC) is significantly higher than the current price,” in December 2017. The top industry analyst said yesterday that Bitcoin’s fair value is somewhere between $13,800 and $14,800. He made his comments taking into account the number of active wallet addresses, the usability per every account as well as other factors that influence the supply. Lee said: “In fact, working backwards, to solve for the current price of Bitcoin, this implies crypto wallets should fall to 17 million from 50 million currently.” Once again Lee noted that mass adoption is critical to BTC’s upward correction and that of other digital assets. He added that Bitcoin’s fair value is likely to hit $150,000. This value will be achievable as long as Bitcoin wallets start accounting for 7% of Visa’s 4.5 billion account holders. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/JPY drops below 111.50 as greenback weakens on falling T-bond yields FX Street 4 years Lee noted that mass adoption is critical to Bitcoin's upward correction. Tom Lee also see Bitcoin's fair value at $150,000 per coin. The founder of Fundstrat, a leading financial advisory firm Thomas Lee reckoned that the "fair value of Bitcoin (BTC) is significantly higher than the current price," in December 2017. The top industry analyst said yesterday that Bitcoin's fair value is somewhere between $13,800 and $14,800. He made his comments taking into account the number of active wallet addresses, the usability per every account as well as other factors that influence the supply. Lee said: "In fact, working backwards,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
