Fundstrat’s Tom Lee had tweeted a poll two days ago on April 18, the day after US tax day, asking his followers what they thought BTC’s price would be in July of this year. Lee had previously predicted that a massive crypto sell off before the April 17 tax day in America was what could have caused crypto’s slump since the new year.
CRYPTO POLL: Final tally (thank you for voting!)… 64% see #BTC >$12,000 by mid-year. While we have no baseline (is this contrarian or confirming), multiple and growing arguments for why Bitcoin >$12K by Summer. Tax issue done. Headline risk fading. Major investor coming. https://t.co/8tuj8J1LjL
— Thomas Lee (@fundstrat) April 19, 2018
This past week has also seen several traditional Wall Street players move into the crypto sphere, perhaps triggering an interest in crypto by institutional investors that has positively affected the market.
Of the top 75 coins on CoinMarketCap during this bull market, only DigiBite is in the red, down around .5 percent over a 24 hour period and trading at around $0.03. Ironically, one commenter of Lee’s BTC poll from earlier this week attempted to promote DigiByte as the “future of crypto”:
— LTC DGB J (Not financial advice) (@DGB_LTC_J) April 19, 2018
The recent price spike has led traditional news outlets to report more on Bitcoin than before. Cointelegraph contributor Joseph Young tweeted yesterday about CNBC’s recent spate of crypto predictions and talks:
Bloomberg: bitcoin price will end up in the $20 to $800,000 range in the future.
What an amazing prediction. I think I’ll either be rich or poor in 20 years. We may go to Mars by 2030 or not get there. Where’s my award?
— Joseph Young (@iamjosephyoung) April 20, 2018