One of the frustrating themes of 2018 was that the BTC price ignored signs that the industry was becoming stronger as developers kept “buidling.” 2019 is a completely different story. Now that bitcoin is barreling toward $10,000, Fundstrat’s Tom Lee suggested that it is more likely to capture the attention of traditional investors outside of the crypto space. He told CNBC:

There are plenty of reasons for the bitcoin bulls to be out in full force. As Fundstrat’s Lee told CNBC, the BTC price has been rising steadily since November 2018. But in recent weeks, the gains have become “more parabolic” in nature. The stars have aligned for the bitcoin price for several reasons, not the least of which involves geopolitical tensions unfolding between the U.S. and China. Not only have these conditions made bitcoin look better than ever to investors because of its uncorrelated nature to stocks, but bitcoin has become the “safe haven” investment, according to Morgan Creek Digital Co-Founder Anthony Pompliano. He tweeted:



source https://www.ccn.com/bitcoin-bulls-price-new-2019-high