What is the Investment Outlook for BTC and Cryptocurrencies?
Apr 20, 2020
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(Please note that our senior digital analyst David Grider, who writes our weekly crypto column, is sitting in for Tom Lee in this particular note. This is part two of a three-part series. Tom will return to writing Tom’s Take shortly) Part 1 is available here. Part 3 is available here.
How should investors frame crypto’s drivers and was the recent move a justified fundamental deterioration or an opportunity?
1. Emerging Market Play
Crypto market growth resembles that of an emerging market economy that’s recently opened to the outside world seeing new capital inflows and growth...