Tom Lee Still Claims Bitcoin Will Reach $100,000 in 2021 Despite 54 Percent Correction
During his Monday interview with CNBC, Fundstrat's permabull said that Bitcoin was still on track to hit $100,000 by the end of 2021 despite a massive plunge:
Even though Bitcoin is in the penalty box now, I still think it can exit the year over $100,000.
The largest cryptocurrency tanked all the way down to $30,000 on May 19, marking a nearly 54 percent correction.
Given that Bitcoin never had a correction that exceeded 50 percent during its previous bull cycle, many are questioning whether or not the current run has more room to rise.
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