BTC to be $25k, Tom Lee Says

Well-known Bitcoin bull is optimistic bout the price of digital "gold", as always
24 May 2018   1761

Co-founder of Fundstrat Global Advisors, Tom Lee does not abandon his forecasts and expects bitcoin to grow to $ 25,000. The analyst said this in a conversation with CNBC.

According to him, the latest decline in the market is explained by "typical volatility of the crypto-currency". As an argument for his bullish forecast, he pointed to 3 key factors.

The first factor is the cost of issuing bitcoin. On Tuesday, on the air of the "Futures Now" broadcast, when bitcoin cost about $ 8,000, Lee said that the cryptocurrency "is traded at the level of actual costs". On Wednesday, the analyst said that the cost of issuing bitcoin is about $ 6,000, that is significantly lower than the price of the cryptocurrency in the market.

Among other factors that may cause further growth of bitcoin, Lee mentions the arrival of institutional investors who still do not have the opportunity to interact freely with the crypto-currency industry.

I think institutional investors have gained a lot of interest, and they haven't really come into crypto yet because there is still some regulatory uncertainty. But that sort of ultimate allocation into crypto as an asset class is going to be a powerful reason why bitcoin rallies.
 

Tom Lee

Fundstrat

Finally, Lee refers to an analysis of historical data conducted by Fundstrat, which also suggests that investors should keep the Crypto currency.

Historically, 10 days comprise all the performance in any single year of bitcoin's price. If you just took out those 10 days, bitcoin's down 25 percent a year. So as miserable as it feels holding bitcoin at $8,000, the move from $8,000 to $25,000 will happen in a handful of days.
 

Tom Lee

Fundstrat

Earlier, another analyst at Fundstrat Sam, Doctor, published the results of his analysis, which led him to conclude that the rate of bitcoin in 2019 could rise to $ 36,000 or even $ 64,000.

Lightning Labs to Raise $10M

As reported, the raised funds will be allocated to enforce the team with developers and commercial speciaslists
06 February 2020   254

Lightning Labs attracted $ 10 million investment during the A-series financing round, and also introduced a beta version of its payment service for outlets that work with bitcoin.

If bitcoin is going to reach its potential as a viable global currency, it’s going to need to scale beyond the base layer. Similar to how Visa relieves banks from handling all fiat currency traffic, Lightning relieves the base bitcoin chain from handing all transactions, thus bring more speed and fee efficiency to the network.

 

Brian Murray

Managing Director at Craft Ventures

With the help of the raised funds, the company intends to hire more developers and commercial specialists, so that it will be able to convey the applied solutions to users. In 2018, Lightning Labs unveiled a beta version of its LND scaling solution and received $ 2.5 million investment from several investors, including Twitter CEO Jack Dorsey and Litecoin creator Charlie Lee.

Now a beta version of the new Lightning Loop service has been launched, with the help of which outlets can more effectively manage payment channels and maintain liquidity in them. Several customers have already become interested in this tool, including the developer of the Fold shopping application, which processed approximately 1,600 transactions through the Lightning Network during the holidays in 2019.

We’re growing fast and Lightning Labs’ loop service makes it simple to manage our lightning node’s liquidity, letting our team focus on building out great user experiences that bring lightning to the world.

 

Will Reeves

Fold

According to Lightning Labs, this year the company will be developing tools for working with larger payment channels. We are talking about both individual channels, which individually can hold more than $ 1,500, and multidirectional ones, which break down payments into smaller parts.