“Amazon and Starbucks Will Invest In Bitcoin, Causing MASSIVE PRICE BOOSTS” - Tom Lee Tells Why

Also Read : Bitcoin Price Can Still Make 500K Soon, And Here’s Why” - Why John McAfee Is As Bullish As Ever

What's going on guys? Nayabali here bringing you a brand new blog today. We got another killer blog for you guys. Full of information. So a lot of you have been commenting on my Artical is really appreciate it. You all have a lot of fantastic things to say. So it's always great to read your comments. So today I want to bring you a story covering a different opinion on cryptocurrency and on Bitcoin's price. Now this is written by Molly James Zuckerman. This outline a of this article here that I will be reading or this, this articles written by Molly Jane. Great writer, great writer there. And it is talking about Tom Lee's opinion of bitcoin. So Tom Lee is the co founder of a fun strat. Okay. He's also a strategist at funded strat.

So it was a fairly experienced guy. What does he have to say about Bitcoin's price? So cofounder and fun Strat Strategist, uh, Tom Lee has repeated his prediction that bitcoin were reached $20,000 by mid year and $25,000 by the end of the year. He also expects at least three publicly traded corporations to issue their own cryptocurrencies in 2018 right.

CNBC signing leaves, February Twenty Eighth Fund strat report, lease price prediction, reiterate the comments he made in early January of 2018, predicting bitcoin could easily double this year, which I do not disagree with. We've obviously seen some slumps as of late, but I think that honestly, you know, bitcoin is kind of arrest and right now I suppose I think that it could experience another period of growth once again, that is just my opinion.

I'm Lee maintains his $25,000 price prediction for 2018. So despite all of that, and despite these changes, he is still pretty darn bullish on bitcoin and he thinks that it's going to pick up and do rather well. So in his report he also commented on the phenomenon of traditional corporations creating internal cryptocurrencies stating quote already three major companies have announced efforts within cryptocurrencies which demonstrate the corporations may be moving toward cryptocurrencies before Wall Street has even embraced them and quote, so lease has corporations entering the crypto sphere as support for his prediction of Bitcoin's future.

Upswing signing Japanese ECOMMERCE company, Rakuten, tens February 27th announcement that they will be launching their own cryptocurrency is just one case of the crypto world constructively developing this year, regardless of Bitcoin's price drop price isn't always everything. And uh, I definitely do agree with that. Lee's report also predicts that several large companies like starbucks, facebook, and Amazon, none of which have yet entered the crypto world in a significant way are likely to make implement blockchain technology this year. Uh, that's, that looks like kind of a Typo. A typo. A typo there. Pardon me? God, I'm so, you know, maybe these big companies will implement blockchain technology.

I don't think there's any reason for them not to necessarily lead referenced the starbucks starbucks, executive chairman hinting at a possible use of blockchain for consumer payment APP and comments February 27th and also hypothesize that both facebook and Amazon are likely to announce a crypto strategy this year.

His speculated that if facebook went public, a, it could reward users with an initial coin offering or ICO. Now, obviously facebook is already public as a company, but you get the idea so they could offer an ICO rather than only investors with stock options in the past has had relatively constant bullish predictions for the price of bitcoin. In August of 2017, he predicted that bitcoin would hit $6,000 before the end of the year, a marketo surpassed by 230 percent by December when bitcoin hit roughly $20,000. According to CNBC, Tom leaves the only Major Wall Street strategists to issue formal price targets on bitcoin. He has been right in the past. So I will point that out. And he has a lot of experience with cryptocurrencies.

you know, is it a bit bullish in my opinion, might be a bit bullish, but it's not unreasonable. So anyway, as always, let me know what all of you think about this situation down in the comment section below. Let me know if you think is price prediction is accurate. And, uh, once again, you know, I, I really am not trying to spread fund or anything like that. Uh, it's my goal to get you honest and correct information, so I do pride myself on that. But if you ever feel like I'm using titles that are a little suggestive or titles that you know, encourage people to click without providing good content, please let me know because I would really appreciate it. And thank you all for watching. See all of you in the.

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