Tom Lee: Bitcoin will be $11.5k by mid 2018

New forecast from the Fundstrat Global Advisors co-founder
23 November 2017   1286

Thomas Lee, Managing Partner and Head of Research at Fundstrat Global Advisors, has significantly improved his price forecast for bitcoin. Now analyst from Wall Street is confident that by mid-2018, the price of BTC will grow to $ 11.5 thousand, although in August he spoke only about the mark of $ 6000. This is reported by CNBC.

So, a few weeks ago Lee's forecast was relatively neutral - then bitcoin stopped around $ 7400. The analyst noted that the crypto currency hold "too many weak hands", because of which there was a probability of a sharp drop "from the slightest turbulence". As a result, he designated $ 5,500 as the level at which you should buy bitcoin. Recently, the BTC really dropped to $ 5,600, which, according to Lee, cleared the market of uncertain players.

A few weeks ago, we turned short-term neutral on bitcoin as the price level then (~$7400) exceeded our estimate of fair value," Lee wrote in the report. "Last week, Bitcoin fell to $5,600 and since then rebounded. In our view, this move to $5,600 cleaned up weak hands and we no longer feel caution is warranted. … We recommend steady buying of Bitcoin at these levels.

Thomas Lee

Managing Partner and Head of Research, Fundstrat Global Advisors

As a result, the financier increased his forecast for the middle of 2018 from $ 6000 to $ 11.5 thousand - almost 40% higher than the current BTC rate. In addition, Lee is optimistic about the future appearance of bitcoin futures. Like many others, Fundstrat analyst is confident that transactions with derivative instruments based on crypto currency will strengthen confidence in bitcoin and contribute to the growth of the number of potential users.

Lightning Desktop App to be Launched in BTC Mainnet

The application, which is based on the lightweight Neutrino client, is available for the macOS, Windows and Linux, however, it's oriented fro test environment
24 April 2019   147

Lightning Labs, a leading developer of solutions for the Lightning Network, announced the launch of its desktop wallet in the main Bitcoin network. An application that was previously tested in a test network is available in the alpha version.

The application, which is based on the lightweight Neutrino client, is available for the operating systems macOS, Windows and Linux, however, as the developers emphasize, is still oriented primarily to the test environment. At the same time, more advanced users can also experiment with the wallet interface and get access to their funds.

Lightning App Desktop Version Screenshot
Lightning App Desktop Version Screenshot

The Neutrino client allows non-custodial Lightning wallets to verify Bitcoin transactions without the need to synchronize with the full version of the blockchain.

The new release includes such a function as displaying a single balance, which will allow users to see the cumulative number of coins both in the network base and in the payment channels by percentage.