Renowned market strategist Tom Lee on Monday recommended buying stocks amid the recent market sell-off triggered by President Donald Trump’s tariffs but advised caution for Bitcoin (CRYPTO: BTC).
What Happened: Lee, managing partner and head of research at Fundstrat Global Advisors, stated in a CNBC interview that Bitcoin could face short-term hurdles despite its strong long-term potential.
“But I think that there is still an argument that in the short term Bitcoin is a risk-on asset, so as the market liquidates, which happened over the weekend, Bitcoin takes a hit. So I’d say February is not looking great for Bitcoin …
Full story available on Benzinga.com