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Watch for bitcoin to move ‘explosively higher’ when this market signal flashes

August 27, 2018

If the Lambo-lovin’ faithful across the internet are any indication, bitcoin “hodlers” have been surprisingly patient during this nightmarish year. As you can see from this Reddit post, they’ve also kept their sense of humor:

Maybe it’s because they’re confident in the long-term story. Or perhaps they got in early enough that the latest batch of weakness doesn’t even matter.

Whatever the case may be, bitcoin investors are about to get paid in big way, according to Fundstrat’s Tom Lee, who told CNBC in a recent interview that the signal for an imminent rally will come from emerging markets. Specifically, when the iShares MSCI Emerging Markets Index ETF EEM, +1.86% starts to rebound, he says, watch for bitcoin BTCUSD, +0.31% to do the same.

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