Wall Street Strategist Tom Lee Projects Bitcoin at $25,000 by 2022

Tom Lee, founder of Fundstrat Global Advisors, is projecting bitcoin’s value to reach $25,000 in the next five years; the strategist also projects a bitcoin value of $6,000 by mid-2018; the cryptocurrency is currently trading at $4,284.14, gaining approximately 330% in 2017; Lee cites bitcoin derivatives as a key catalyst since they have now been approved and are increasingly being used in wealth management strategies and also expects bitcoin derivatives trading will lead to increased institutional investment. Source