“I’d Put New Money Into Bitcoin, Not Bitcoin Cash”, Says Tom Lee

Fundstrat Global Advisors co-founder Tom Lee told mainstream media he would favor buying Bitcoin (BTC) over Bitcoin Cash (BCH) April 24 as markets cement a second week of straight gains.

Speaking to CNBC, Lee, who is well-known for his bullish stance on Bitcoin, said that although he was averse to “taking sides,” he would rather put “new money” into Bitcoin than the altcoin alternative.

“I think both have merits,” he explained to the network’s Fast Money segment.

“But if I were putting new money to work today – a fresh dollar – I would be a lot more interested in buying a laggard that could attract inflows as opposed to something that’s already potentially overbought.”

Lee’s statement comes amidst an ongoing war of words between Bitcoin and Bitcoin Cash proponents.

As BTC/USD fell around 2.4% Wednesday, BCH/USD fared much worse, losing almost 17%in the same 24-hour period…

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