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 - Updated Daily

new JobTribes Scholarship Giveaway - This is an opportunity to earn as much as 100 USD worth a...
new AptosBank Airdrop - A Gleam that airdrops a lot of $APB tokens. Reward per pe...
new Kingdom Story NFT Airdrop - Pool of 50 freemints and 100 USDT. Only 10 rewards for to...
new SuperVet NFT Airdrop - 30 freemints and a 200 USD worth price pool in this quick...
airdrop ArbINU Airdrop - New dog money airdrops 10 USD worth of tokens to each of ...
airdrop SixPack AI Airdrop - A quick Gleam that rewards 10 winners.
airdrop TF DAO Airdrop - Platform for launching your own Aptos NFTs that pays up t...
promo LATOKEN New Airdrops - until 6 Feb
promo P2P Trader Bonus - until 7 Feb
promo Bitforex permanent Earn products - live
promo CEX.io Hot Winter promo - live
promo BitMart Python Bot Education - live