Tom Lee is one of the most frequently cited analysts in cryptomena. It owes its reputation to being a successful Wall Street strategist, but also to a good relationship with CNBC television, which likes to invite him to talk about cryptominations.

The truth is that Tom Lee made himself visible in the cryptocommunities by several successful Bitcoin price predictions , but he was fatally wrong several times. For example, in 2018 he called for growth above $ 25,000, and we all know how infamous it turned out.

The founder of the Fundstrat Advisors analytical company has recently named 5 basic catalysts, thanks to which we will see the long-awaited bullrun this year.

Lee first noted that we are at the beginning of the "generational business" over which the traditional financial sector will be disrupted over the next 20 years. The most important technology that will drive this transformation is blockchain and related cryptomena.

Tom Lee believes 2020 will be a very successful year for Bitcoin. “In 2019, Bitcoin was one of the most powerful assets of the year. He defeated the return on the S&P 500, which was the best in almost the last 25 years, ”he pointed out the recent past, adding that the stock market has had the best year of almost one generation, but Bitcoin has tripled its yield all the while (or still) that last year was his fourth worst in history.

In terms of Lee's five points, which are said to drive the Bitcoin prize up this year:

1) American elections - political pressure on Bitcoin will be much lower during the election year, as parties and candidates will focus on other things that are the main theme of the mainstream. Lee believes that last year US policy has influenced the cryptocurrencies in a rather profound way, especially in the context of pressures on Facebook and its Libra cryptomena

2) Halving - not surprisingly mentioned halving, that is, dividing the reward for Bitcoin miners in half. This is the third halving in the history of this cryptocurrency and the previous two have had a major impact on price growth

3) Geopolitical tensions between the US and Iran - Lee believes that geopolitics also affects the BTC's price, although analysts do not fully agree on this. If the conflict between the US and Iran escalates, he thinks that this will help the price of assets resorted to by investors in times of uncertainty. And that's how Bitcoin is

4) 200-day moving average - Lee warns that when Bitcoin last reached the 200-day moving average (200MA), its price took off by almost 200% in the next six months. Based on this assumption, the price of the BTC could attack $ 30,000 this year.

5) Coronavirus spread - Fundstrat Advisors believes that the spread of coronavirus may also help to increase the price of this asset. "The risk of a pandemic such as coronavirus increases the demand for bitcoins and other safe harbor assets," he said. But the truth is that the link between Bitcoin price development and coronavirus has not been proven.