Fundstrat’s Tom Lee explains why he’s doubling down on bitcoin after Elon Musk’s surprising reversal – and increasing his price target to $125000 – Business Insider

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Fundstrat Global Advisors managing partner Tom Lee is confident that bitcoin will continue to rally in the wake of Elon Musk’s abrupt reversal Wednesday on allowing Tesla to accept the cryptocurrency as payment.
“I don’t think it’s going to get people negative on bitcoin, but it is going to get people to focus on the problems that are being created by digital assets,” he told Insider. “It is probably better to view it as a call to action for the bitcoin…

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