base case for 2019 is that the best analog is 2009, based upon three key factors which we identified. Nigel Green, similar views were expressed this week by Nigel Green, Founder and Chief Executive of financial advisory organisation deVere Group. Equities over 2019 and considering the seeming correlation, Lee wrote that if BTC catches up to macro markets, it could reach as high as 10,000 or 20,000. In a recent cnbc segment, the Fundstrat head of research and co-founder was clear that he expects for BTC to head higher, citing an array of factors to back this cheery call. Lee explains that while Bitcoin has had a rough 2018, which saw startups collapse in their entirety, the industry market capitalization lose 85 of its peak valuation, retail investors flee the space en-masse, and institutional players placing their crypto forays on the proverbial backburner, 2019. 150 East 52nd St, 31st Floor, New York, NY 10022 (212) / / View: Port Strategy Homepage - start / /.newstitlez a color 2e75b5;.homedate color:black; font-size:11px; @media screen and (min-height:768px).psh.wpv-filter-next-link,.wpv-filter-previous-link position:absolute; top:300px;.erh.wpv-filter-next-link,.wpv-filter-previous-link position:absolute; top:300px; @media screen and (max-height:767px).psh.wpv-filter-next-link,.wpv-filter-previous-link position:absolute; top:280px;.erh.wpv-filter-next-link,.wpv-filter-previous-link position:absolute; top:280px;.morelinkhome color: black; text-transform. Welcome to Fundstrat, a differentiated approach to market strategy and sector research.
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Hashpower Doubles In Bear Market, Breakeven Cost Skyrockets. Theyre Happy To Accumulate, as reported by, ethereum World News in August, the rapidly rising hashrate has been attributed to larger corporate miners expanding their operations, even amidst consumer, home-based miners dropping their mining rigs due to low or no profitability. And as pointed out by David Sapper, the COO of Blockbid, a lesser-known crypto exchange, this indicates that these firms are willing to continue to mine Bitcoin, even if profitability has tanked. Conan OBitcoin, an up and coming cryptocurrency commentator, pointed out that one BTC confirmation today is as secure as eight confirmations exactly one year ago, or 33 confirmations two years ago. This is evidenced not only in the financial sector, in which major banks are increasingly looking at blockchain and crypto, but with big names within the tech and retail sectors too. March 20, 2019, we revisit our intermediate-term outlook heading into Q2 given we expect the market. This interestingly comes just weeks after Lee remarked that even 25,000 was fair for the crypto.
He continued: Weve had evidence that the so-called whales, the original holders of crypto, are starting to accumulate again. Democrats won the House Trump proposes 2020 budget, big cuts in domestic spending, big increases in defense, More reports are available in the Research Library. March 20, 2019, kelsey 3Qs video: Sluymer, TA, Weekly Momentu. In fact, he states that Bitcoins current fair value could easily be in the quintuple-digit range, effectively asserting that BTC is still undervalued, even after Mondays surge and the subsequent fallout, which saw the rally perpetuate as fomo ensued. Photo by, allen Cai on, unsplash. And with old whale wallets buying Bitcoin and a lot of positive things taking place in the industry, the Fundstrat chief quipped that 14,000 might just be a fair valuation for Bitcoin. The cycle backdrop for equities remains bullish with the S P still early on in what. There is reason to believe that the jump we saw on 1st April was not short covering, it was real money being put to work, he added.