BTC to be $25k By The End of The Year, Tom Lee Says

New forecast from Fundstrat co-founder and Wall Street analyst
01 March 2018   1132

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.

Tom Lee

Co-founder, Fundstrat

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."

tZERO to Launch Bitcoin Trading App

Application itself is being developed by Bitsy; it may also begin to support Ethereum in the future
22 March 2019   125

The security tokens platform tZERO announced plans to launch a mobile application for buying and selling bitcoin. In the future, the application may also begin to support Ethereum,  CoinDesk reports.

According to Saum Noursalehi, CEO of tZERO, applications for iOS and Android devices should be launched in June. Bitsy is developing it, a cryptocurrency start-up that is part of the portfolio of the Overstock venture division of Medici Ventures.

That’s part of the reason we acquired Bitsy — to accelerate time to market for our mobile app. They have an app for trading crypto, primarily bitcoin, in a beta-phase, they built a wallet and key recovery mechanism, and this will be the foundation of the mobile app for tZERO. They are also working on some cool stuff like biometric login. 

Saum Noursalehi

CEO, tZero

According to him, the application will allow you to store cryptocurrency without the need to trust third parties and it will be connected to the network of exchanges through the API. The implementation of this plan will occur through partner tZERO, the institutional trading platform SFox.

In the future, the head of tZERO added, the platform also intends to create its own cryptocurrency vault to meet the demand from users.

The public beta testing of Bitsy wallet started in November 2018. With his help, the Overstock retailer plans to launch Bitcoin sales on its website.