Fundstrat Co-founder Lee reiterates his bullish 2018 Bitcoin forecast. He has repeated his previous prediction that Bitcoin will hit $20,000 by the middle of the current year and $25,000 by the end of the year.
1 March, AtoZForex – The co-founder and strategist at Fundstrat, Tom Lee, has made it clear to the public that his stance on 2018 Bitcoin price is bullish. He has repeated his previous prediction that Bitcoin will hit $20,000 by the middle of the current year and $25,000 by the end of the year.
Fundstrat Co-founder Lee Reiterates his Bullish 2018 Bitcoin Forecast
In the meantime, Mr. Lee also expects at minimum three publicly traded companies to issue their own cryptocurrencies in the course of 2018. Mr. Lee’s Bitcoin price forecast comes in line with his previous remarks he made in the very beginning of the year when he stated that Bitcoin can “easily double” this year.
In spite of the Bitcoin’s value now standing at nearly 53 percent lower than its all-time high of December 2017, when the BTC reached above $20,000, Lee sticks to his $25,000 prediction for 2018 Bitcoin price.
In his statement, Mr. Lee has also mentioned the phenomenon of conventional companies creating their own internal cryptocurrencies. He has stated:
“Already three major companies have announced efforts within cryptocurrencies, which demonstrate that corporations may be moving towards cryptocurrencies before Wall Street has embraced them.”
Large Companies to Integrate Blockchain technology
Mr. Lee believes that corporations that are entering cryptocurrency market will emerge as support for the Bitcoin’s rally this year. He has referred to the Japanese e-commerce firm Rakuten’s announcement about the launch of their own cryptocurrency. Mr. Lee noted that this is just one instance that signals the likelihood of the cryptocurrency market development during this year.
Tom Lee has also mentioned Japanese message app Line’s announcement from January. He stated that it will open a cryptocurrency exchange and in-app trading space.
The report from Lee also forecasts that some of the world’s biggest corporations, such as Amazon, Facebook and Starbucks will most likely incorporate some elements of the Blockchain technology this year.
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