Fundstrat co-founder and Wall Street analyst Tom Lee confirmed his forecast that by the middle of the year the price of bitcoin will reach $ 20,000 and $ 25,000 towards its end. He also expects that at least three corporations whose shares are traded on stock exchanges will issue their own crypto-currencies in 2018. This is reported by CNBC.
In his report, the analyst repeats the forecast he gave in January, when he said that bitcoin could "easily double" this year.
Despite the fact that now bitcoin costs twice less than the highs recorded in December above the level of $ 20,000, Lee is sure: this year bitkoin will return to this mark and even rise above it.
The announcement by Rakuten is another example of positive developments in crypto in 2018, suggesting the large sell-off in bitcoin and others at the start of the year was an overshoot to the downside.
Lee sees in this trend a sign that supports his forecast at the rate of bitcoin. He also recalled that Japanese online retailer Rakuten recently announced plans to launch his own crypto currency, adding that this step is a sure sign that the crypto-currency space continues to develop despite the correction of bitcoin.
Lee also expects that several large companies, perhaps even Starbucks, Facebook or Amazon, which were not previously represented in the crypto-currency sector, will start using blockage this year.
The analyst recalls that the chairman of Starbucks recently allowed the use of blockage in the company's new payment application, and suggests that Facebook and Amazon "announce a crypto-currency strategy this year."