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Global Risk Rally, Crypto Gains – Tom Lee, Fundstrat Global Advisors

Global Risk Rally, Crypto Gains - Tom Lee, Fundstrat Global Advisors

* Multiple tailwinds are building for the crypto market in 2019, setting the stage for a strong rally soon. This is from a new piece by Tom Lee, and his team in New York. 

Global risk-on rally is likely to pull crypto higher. BTC is highly correlated to EM equities (which were clobbered in 2018) and are up 7.4% YTD. Similarly, the USD is no longer surging, in contrast to the 9% gain in 2018m, and should drive improved BTC prices. 

* Tom continues with comments on JP Morgan and JPMorgan Coin, a massive endorsement of the institutional credibility and use of crypto-currencies. “Institutional allocation for crypto is visibly gaining,” and other key points are covered. The Executive Summary continues with usefulness of digital currencies, Bitcoin as an asset class, Demographics (Fundstrat`s Demographics studies are brilliant), and other points are covered. Without giving too much away, we would like you to start looking at Fundstrat and its offering. 

* This piece is a document of well written and detailed analysis of digital assets and blockchain, with macro and structural interest, EM charts, and page after page of useful information that paints a complete picture of the market for 2018 and 2019. 

We at Classiarius read Fundstrat research religiously. 

Team Classiarius 

Classiarius

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Classarius is the only data driven news for blockchain, cryptocurrencies and technology from investment professionals.
Disclaimer: We do not provide investment advice or strategies, this article is not intended as such but only to provide you the reader with information. Please conduct your own research before any investment of any kind.

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