deviation move: But something has changed While the story of the turnaround in sentiment began with a one-day surge in bitcoin on April 2, a palpable pickup in broad market risk appetite has crypto advocates believing the prolonged winter for digital assets is in the rearview mirror, according to Market Watch. Risk appetite is positive for bitcoin, said Thomas Lee, head of Fundstrat Global Advisors. That's a turnabout from late 2018, when even the staunchest bitcoin aficionado wondered if the end would ever be in sight for a brutal bear market that wiped more than 500 billion off the total value of all cryptocurrencies. If the S&P 500 made a 2.5 standard deviation move as it has done year-to-date and investors are looking for vol volatility that's building a base case for bitcoin. Lee has been one of bitcoin's biggest bulls. Given this, Lee said bitcoin could top 10,000 this year sometime.
(news.financializer.com). As
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