Tom Lee, a prominent market analyst, has suggested that Bitcoin could experience a significant decline of up to 50% due to ongoing volatility in the stock market. Despite recent gains, Lee points to steep drawdowns in equities as a potential indicator of similar risks for Bitcoin. His cautionary outlook highlights the interconnectedness of financial markets and the potential for cryptocurrency to mirror broader market trends.
Tom Lee Warns Bitcoin Could Face 50% Decline Amid Market Volatility
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