Bitcoin likely to catch up with gold, says Fundstrat expert

Tom Lee, co-founder at financial research firm Fundstrat Global Advisors, expects Bitcoin to catch up with gold, according to U.Today. Lee noted that deleveraging pressure, which drives institutional investors to sell off in the Bitcoin market, has dissipated. The deleveraging phenomenon has been one of the major factors suppressing the price of Bitcoin, not least on weekends. Lee stated on CNBC's Squawk Box program that there is a lot of space for Bitcoin to keep up as a non-dollar asset.