Wall Street analyst Tom Lee, known for his interest in cryptocurrencies, made a new comment on Bitcoin and Ethereum based on some data.
Lee shared some data from crypto investment fund Coinshares, and this He said that according to the data, big money is buying ETH. Lee’s comments were:
“These data is an indication that big money is currently buying ETH, but the situation is stable for BTC. The outlook is positive for ETH and platform tokens. When BTC shares start to rise, it will be a big tailwind for BTC.”
Meanwhile, Lee predicts that Bitcoin will reach $25,000 in 2018. Lee recently stated that it is possible for Bitcoin to reach 1 million dollars in the long run.