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Bloomberg
Thomas J. Lee, one of the most bearish stock strategists on Wall Street, is feeling a lot more optimistic about the prospects for bitcoin.
The cryptocurrency could reach $6,000 by the middle of 2018, according to a note from Lee, the Fundstrat Global Advisors co-founder and former chief US equity strategist at JPMorgan Chase & Co. He said user accounts are likely to rise 50 percent and usage per account to climb 30 percent.
Every 10 percent increase in user accounts adds $222 to bitcoin’s value, Lee said.