Tom Lee: Bitcoin's current fair value is about $14,000

Tom Lee, research director and managing partner of Fundstrat Global Advisors, believes that the fair value of Bitcoin is now about $14,000. As market sentiment is shifting in a positive direction, the previous bitcoin "whale" has returned and began a large-scale repurchase. Lee believes that developments such as Bakkt and Fidelity hosting solutions will push BTC prices further in 2019. In addition, Lee also pointed out that in economically volatile regions such as Venezuela and Iran, people are turning to Bitcoin and other cryptocurrencies.