Tom Lee: Regulatory Uncertainty and Unused Facts Cause Bitcoin Price to Fall

Fundstrat founder Tom Lee said in a recent interview with CNBC that the weakness in the price of bitcoin and other cryptocurrencies is mainly due to increased regulatory review and increased uncertainty, especially in the United States and other places. However, he added that the fact that cryptocurrencies have not yet been adopted may also cause the price of bitcoin to fall, but he added that a recent 50% drop in bitcoin prices will not change the long-term prospects of bitcoin. To a large extent, it is still positive. "We have many reasons to believe that the crypto industry will be more optimistic next year." The upcoming halving will also boost the price of Bitcoin.