Tom Lee: I want to be clear, bitcoin is going to $25,000 by year end

Bitcoin bull Tom Lee, head of research and a managing partner at Fundstrat, still believes the bitcoin will hit $25K by the end of this year 2018. With CNBC’s Melissa Lee and the Fast Money traders, Pete Najarian, Steve Grasso, Karen Finerman and Tim Seymour. However, on Thursday, he illustrated a sentiment which could have been rather discouraging for those believing in Bitcoin’s bright future. He said: (Bitcoin has historically traded at 2.5 times its mining costs. It’s not out of the question that it could be over $20,000 by the end of the year at fair value)