BTCUSD
D HIGH
D LOW

Data:   Charts:

Kc  · 09/01/22

Thomas Lee on how millennials probably will make the cryptocurrency market

Altcoin Trading Blog
04/08/22 · Reports

Note: This report was written in 2018 and remains published for reference purposes only.


Millennials are such a big segment that they should be able to move even the housing market up, not even to speak about cryptocurrencies.
Subscribe to our RSS feed
Airdrops / Blog
 

Thomas Lee of Fundstrat had an interesting presentation at Upfront Summit 2018 that was published via Upfront Ventures’ Youtube channel couple of days ago. If you are not familiar with the name, he was lead equity researcher for JP Morgan before founding Fundstrat.

In his Upfront Summit presentation he takes a market approach to valuing Bitcoin and other cryptocurrencies. Cryptocurrencies are presented as an asset that is mostly dismissed by legacy people but very much admired by the generation of millennials. Since millennials as a group are so clearly focused on cryptocurrencies and since there is so many of them, they should be able to move the markets just as previous generations did with stock markets, gold markets or with housing - at least the bigger of them.

Trust, millenials and Wall street

Download full presentation from Slideshare


Thomas Lee has been active in the cryptocurrency space for some time and is bullish on BTC and ETH in 2018, according to a report at CNBC in January 2018. Specifically he said 9-10k USD should be the lower end of the Bitcoin’s trading range for this year, and that he would be an aggressive buyer at those levels. He predicts ETH at 1900 USD in 2018. Interestingly he also added strategic rotation between cryptocurrencies should be a good trading strategy for this year.

This kind of ranging market where value flows between different cryptocurrencies is interesting for traders, unlike at the end of 2017 when everything just went up. 2018 is looking like this kind of chop so far indeed, with panic sometimes painting the same chart all over but otherwise diverse trading for BTC, LTC, ETH, XRP and XMR fiat pairs. It should pay off to follow some cryptocurrency correlation data: sifrdata has long term correlations over 90-365 days, cointrading.ninja has as low timespan as 7 days.


Disclosure: All products featured on AltcoinTrading.NET are independently chosen, but some of the links on this page are affiliate links. Read our full content disclosure to learn more.

Latest Airdrops & Bounties - Updates every evening (UTC)

airdrop FunkyEgg (SOL) Airdrop - Givelab with simple Twitter tasks pays 2k first users and...
airdrop GamesPad NFT Airdrop - Complete a short Gleam to get a chance to win GoblinTown ...
airdrop KryptoBrowser Early access - Do the classic Twitter shilling trio of follow, RT and ta...
airdrop OTSUS swap airdrop - Short Google form that pays first 5000 hunters out of a 5...
bounty WeSendIt Airdrop - Sign up to the waitlist, verify email and you will get to...
bounty NFT marketplace 5% Fee off - Use code 'altcointrading' on FTX.com or 'altcointradingUS...
bounty Harken Invite Campaign - This referral campaign pays 1 Spacecard & 1000 DGL coin f...
exchange promo Trade new listings on Phemex - until 4 Oct
exchange promo LIO Airdrop - on LATOKEN
exchange promo SuperEx Airdrop - with rollover
exchange promo DOT Staking Rewards Boost - until 2 Oct
exchange promo Shill Phemex for Airdrop - until 5 Oct