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Wayne Jones

Tom Lee Says Bitcoin Cleared Major Safe-Haven Test During Middle East Oil Price Spike

Fundstrat's Tom Lee said at the Future Proof conference in Miami that Bitcoin's weekend rally while oil prices surged on Middle East tensions showed the asset passed an important stress test. He argued that October's extreme deleveraging is now behind the crypto market, allowing Bitcoin to reassert itself as a store of value even as it traded around $70,000 after briefly touching $71,600.
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