Fundstrat’s Tom Lee reveals institutions are more bullish about Bitcoin than the public

Fundstrat CEO Tom Lee conducted a survey on various factors within the cryptocurrency industry on social media platform Twitter towards the end of last month. Lee also privately conducted the same survey to 25 institutions and the results might be surprising.

According to a Twitter Poll that Lee conducted through the Fundstrat Twitter account, to which over 5,500 users responded, less than half of the public believe that Bitcoin s price has already seen its lowest:

Lee revealed the findings from the information of the institutions on CNBC’s Future’s Now and found that 54% of the institutions think that Bitcoin has bottomed already. Compared to the 44% from the Twitter poll, it seems that the financial establishments have more optimism in the cryptocurrency kingpin’s prices.

Lee also posed the question regarding the potential future price of Bitcoin. The results found that institutions are more optimistic in this regard, too. While only 40% of Twitter users think that Bitcoin will hit anything from $15,000 USD to “the moon” by the end of next year, a hopeful 57% of the institutions think that Bitcoin will reach a high.

Lee, a well-known cryptocurrency advocate, has stated that the full data will be compiled and analytics will be posted soon.

Related Articles

Crypto exchange Binance doubles staff figures in Brazil

Binance has announced that it will be opening two new offices in Brazil, with the team behind the operation doubling in number.

Crypto ATMs post a decline for the first time in the industry

September posted a net negative change in cryptocurrency ATM installations, marking a dip in the number of machines for the first time ever.

CBDC adoption: Russia enters final phase to test digital ruble

Russia is in the final phase of testing a central bank digital currency (CBDC), which will be used for both national and international...

What exactly is DeFi? Decentralised finance explained

DeFi is a set of technologies that enables people to manage their funds on a peer-to-peer basis and it's changing the way money can be used.

See All