Fundstrat founder Tom Lee: cryptocurrency becomes a means of hedging global risks

Fundstrat Global Advisers co-founder Tom Lee said on the show that during the Sino-US trade conflict and currency war, cryptocurrency is a means of hedging global risks. Tom Lee said: "In the past few years, Bitcoin has been linked to the US dollar. The weak dollar is good for Bitcoin. It is closely related to the risk market. This year, as the US dollar strengthened, Bitcoin moved higher and Bitcoin began to move away from the US dollar. Negative correlation.” Tom Lee added that encryption technology is now “positively related to gold” and that it “tested itself to be a tool for hedging global risks this year”. In response to the rise in bitcoin prices, Tom Lee believes that "encrypted winter" has passed, which is one of the reasons why Bitcoin is now bullish.