- Tom Lee said the recent rally in cryptocurrencies is still only the first upward wave of an early-stage advance.
- He said institutions are betting on further gains, citing institutional investors, trading volume, the fourth quarter, and a major market upswing.
- He said Bitcoin, $100,000, $150,000, the possibility of interest-rate increases, and long-term Treasury yields are key variables for the crypto market.
Forecast Trend Report by Period
Tom Lee, co-founder of Fundstrat, said the recent rally in cryptocurrencies is still in its early stages, with institutional investors betting on further gains in the fourth quarter.
Lee told CNBC that the market is still only in its first…
