Bloomberg TV Tom Lee, the noted bitcoin uber-bull, says that the once-hot cryptocurrency will break out to new record highs in July. He argues that the majority of bitcoin selloffs are "V-shaped," and says that recoveries take 1.7 times the length of the downturn. Bitcoin's foremost bull is at it again. Tom Lee, the managing partner and head of research at Fundstrat Global Advisors, says that the once-hot cryptocurrency will make a comeback for the ages and re-test record highs by July.See the rest of the story at Business InsiderNOW WATCH: Microsoft President Brad Smith says the US shouldn't get 'too isolationist'See Also:10 up-and-coming healthy fast food chains that should scare McDonald'sThere's a 'yellow light flashing' in the economy — and it poses a threat to the stock marketTOM LEE: Bitcoin will surge to new record highs by JulySEE ALSO: BlackRock is using robots to better predict the future of the economy