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Trading news
21 Aug 2017
Wall Street's biggest bear thinks Bitcoin will rally to $6,000 - Business Insider
Fundstrat Founder Tom Lee is bearish on the stock market, but expects Bitcoin to extend its record run to $6,000 levels this year.
"We see Bitcoin gaining from institutional sponsorship, improving transaction platforms and ultimately, greater public adoption," Lee said.
His year-end target for S&P 500 is 2,275, which as per Business Insider is the lowest strategists at major firms tracked by Bloomberg.