Fundstrat's Tom Lee says the metals rally is “sucking oxygen” out of Bitcoin (CRYPTO: BTC) and crypto markets, but predicts a surge for cryptocurrencies nonetheless. Why Crypto Isn't Rallying Despite Bullish Fundamentals Lee said on CNBC on Monday that crypto prices are stuck despite improving fundamentals: it's a simple case of money flowing to where the action is.
Tom Lee: Gold And Silver Are 'Sucking Oxygen' Out Of Bitcoin, Ethereum
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Fundstrat's Tom Lee said on CNBC on Monday the gold and silver rally is 'sucking oxygen' out of Bitcoin (BTC), Ethereum (ETH) and broader crypto markets; Lee said prices are stuck despite improving fundamentals and predicted a surge for cryptocurrencies.
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