Co-founder and strategist at Fundstrat Tom Lee reiterated his forecast that the price of bitcoin (BTC) will reach $ 20,000 by mid-year and 25,000 US dollars by the end of the year. He also expects at least three major public company will issue their own cryptocurrencies to the end of 2018.
If the latest forecast confirms its previous forecast, which he did in January 2018 that bitcoin can easily double its price before the end of the year.
Despite the fact that BTC is currently trading below its December high of almost 53 percent, Lee estimates that by the end of the year the price will reach 25.000 US dollars.
Lee also believes that this year at least a few international corporations will create their own cryptocurrency:
Three major companies reported on their efforts in the field of cryptocurrency. Companies can begin to work with them much sooner than wall street.
Lee believes that the arrival of large companies in the cryptocurrency sphere is the confirmation of his bullish predictions about the price of bitcoin. As examples Whether causes Japanese ecommerce giant Rakuten, which is also called the Japanese Amazon, which recently announced that they will release their own cryptocurrencies for loyalty programs. In addition, Lee also mentions the announcement of the Japanese messenger App Line that they are going to open a cryptocurrency exchange and to make available to trade the cryptocurrency directly inside the app.
Lee also predicts that at least one of the three largest American companies: Starbucks, Facebook and Amazon, neither of which has not yet entered the cryptocurrency sector, will test the young blocka technology.
If refers to the Executive Director of Starbucks, hinting at the possible use of blockchain technology in the application for payment. In addition, he believes that Facebook and Amazon will announce its strategy for the cryptocurrency this year.