Fundstrat’s Tom Lee, often referred to as the ‘crypto bull’, has revised his end of year Bitcoin price prediction from $25,000 down to $15,000, which is still pretty optimistic looking at the state of things today.
Lee cites "cryptographic events" as the cause of the recent crisis in cryptocurrency markets. More specifically, the latest hard fork Bitcoin Cash shared the community, and other experts agree with Lee that the event contributed to the uncertainty in the markets that led to recent declines.