Tom Lee is excited about Bitcoin and predicts the price reaching $ 15,000 by the end of the year.

##### This is according to a CNBC news report, Tom Lee of Wall Street, who has also predicted a crypto bull that the prices of bitcoin have declined almost half. This Tom Lee lowered its end-of-the-year target from $ 25,000 to $ 15,000, but it is a very high price, then Bitcoin was trading on Friday.  It’s based on the break point event of bitcoin, where the price of cryptocurrency corresponds to the cost of mining, Lee estimates that the price will be 2.2 times of that brake price. Currently, the mining cost is $ 7,000. Currently, this bitcoin is trading at $ 5,544. This week, all major cryptographers have seen swing downwards and Bitcoin has hit the yearly low price. >## This Lee assured his clients that the price is sure to climb above the break-event point. He gives this example of the last bitcoin bear market from 2013 and 2015, that he has never maintained a step under break-even. While it bitcoin broke down from that psychologically significant $ 6,000. This has led to a renewed wave of despair. But they believe that negative inclination in the emotion is worse than the basic effects, Lee said. This Lee says that these bitcoin cash hard forks are a major reason for that price movement. This bitcoin cash is divided into two versions i.e. Bitcoin ABC and Bitcoin SV. Although it bitcoin cash itself has been forked from bitcoin which came even after disagreements on the method of scaling digital currency. In October, this bitcoin was easily trading at a price of $ 6,400, after which it was badly affected for falling more than 10 percent. Whatever may be, Lee was excited at Cryptocurrency because he hopes that by the end of the year several institutions will be involved with cryptocurrency. They say that institutes like Bucket, Fidelity, ICE and Starbucks have launched themselves in the market and they are a part of the comprehensive construction of essential infrastructure for institutional participation by entering the market. SOURCE: https://bcfocus.com/news/tom-lee-bullish-over-bitcoin-and-predicts-price-to-hit-15000-by-year-end/40691/