Fundstrat’s Tom Lee sees extra upside in retailer for one of many main trades on the heels of President-elect Donald Trump’s victory. “I am nonetheless assured bitcoin goes to shut a lot greater before year-end — nicely above $100,000 before year-end,” he informed CNBC ” Squawk Field ” on Monday. “It is only a matter of time.” The feedback from the extensively adopted strategist come following a monster rally in cryptocurrencies after Trump’s win over Vice President Kamala Harris, as buyers wager the brand new administration will usher in a interval of extra favorable insurance policies. BTC.CM= YTD mountain Bitcoin, YTD Bitcoin gained almost 40% in November, closing in on the $100,000 stage. The cryptocurrency was final down about 2% to commerce at $95,023. Crypto-linked shares have additionally rallied in tow, with Coinbase , Robinhood and MicroStrategy gaining roughly 60% every. “Numerous of us don’t desire Bitcoin over $100,000,” Lee stated. “The exchanges themselves are involved as a result of there’s a fairly low provide of bitcoin obtainable over-the-counter. If bitcoin makes a transfer above $100,000, I believe that’d be an enormous chase.”