Bloomberg TV Tom Lee, the managing partner and head of research at Fundstrat Global Advisors, sees bitcoin's recent slump as a buying opportunity. He notes that bitcoin has seen similar patches of wild volatility in recent months and that the 34% decline seen over the past two days was not unusual. Tom Lee doesn't get all the fuss about bitcoin's recent skid, which some experts characterized as a "bloodbath." Sure, the wildly popular cryptocurrency plunged by as much as 34% in just two days, hitting an intraday low near the $9,185 level, but Lee says that sort of whipsawing price action is normal for bitcoin. Lee, the managing partner and head of research at Fundstrat Global Advisors, pointed out in a client note published Thursday that bitcoin had seen similar fluctuations over the past two years.

 

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