Fundstrat ‘s Tom Lee is confident that bitcoin will continue to rally in the wake of Elon Musk’s abrupt reversal on allowing Tesla to accept the crypto as payment. He told It is probably better to view it as a call to action for the bitcoin industry to focus on renewables or more efficient ways to provide proof of work. Yet, Lee is confident enough that the market will move past Musk’s flip-flopping that he has upgraded his bitcoin price outlook from $100,000 to $125,000 for 2021.

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