Fundstrat Global Advisors, which is a major market strategy and research provider recently announced that the platform will start accepting Bitcoin (BTC) as a means of payment for its content – all through Bitpay.
As the official press release stated, Tom Lee’s Fundstrat has added Bitcoin payments to its platform via the operator BitPay which processed more than $1 billion in Bitcoin payments last year.
The new feature is great for institutional investors, individual high-net-worth individuals, and financial advisors. It will allow everyone easy access to Fundstrat’s reports on different financial sectors.
As the Chief Commercial Officer behind BitPay Sonny Singh stated, the addition of Bitcoin for Fundstrat will enable a global client base from everywhere – including Asia, Africa, and Latin America. This, as he said, “has been nearly impossible before” to access the firm’s content.
The co-founder of Fundstrat and head of research, Tom Lee, is one of the ‘Bitcoin bulls’ and long believers in crypto. When asked for a comment on the recent news, he said that accepting payments in BTC via BitPay makes the process “considerably simpler, faster and less expensive.”
Earlier this year, Lee said that Bitcoin could reach to anywhere between $22,000 and $25,000 by the end of 2018 – a statement which he reiterated in July this year, clarifying that his prediction is still not a bearish setback for his previous forecast of $25,000.
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