Odaily Planet Daily reported that Tom Lee said in an interview with cryptocurrency entrepreneur Anthony Pompliano on Thursday: "I am sure that Bitcoin will see a 50% drop. The 25% drop in the stock market is becoming more and more frequent. The stock market has made great progress in the past six years; we have experienced an abnormally large 25% drop. Therefore, if the S&P index drops by 20 points, Bitcoin may drop by 40 points."

Tom Lee also said that Bitcoin has broken its typical four-year cycle, which indicates that a "longer cycle" is forming. (Cointelegraph)