Tom Lee believes that by the end of the year the cost of Bitcoin will reach $ 15,000
Tom Lee, co-founder of Fundstrat Global Advisors and a financial analyst, slightly reduced the cost of Bitcoin in his predictions. But he is still confident in the growth of this cryptocurrency. In an interview with CNBC, he said that by the end of the year, the cost of one bitcoin coin would be $ 15,000.
In May, the cost of Bitcoin was $ 8,000. Then Tom Lee predicted the value of this cryptocurrency to $ 25,000. But already in July, he revised his forecast and settled on the figure of $ 22,000. The analyst explains his forecast by saying that the fair value of cryptocurrency should exceed its production value of 2.5 times. Hence the figure such figures.
He still believes that it is necessary to build on the “self-sufficiency point” of Bitcoin. This is the level at which the cost of mining Bitcoin is equal to its current rate. According to the Fundstrat, this figure has now dropped to $ 7,000. Lee now also believes that the ratio of the cost of cryptocurrency and the cost of its production should be 2.2.
Analytics is not confused by the current trend in the market, he is confident in the cost of Bitcoin at $ 15,000. Tom Lee believes that in order to attract more cryptocurrency investors, it is necessary to create a more developed infrastructure.
In the US, there is a growing demand for blockchain experts
According to Indeed.com, the demand for blockchain experts in the United States is growing. Since October 2017, it has grown by 25%. This information was provided by CoinDesk.
Representatives of Indeed said that compared with last year, the situation has changed dramatically. After all, cryptocurrency HYIP is already weakening. If to compare with the data from October 2016 to October 2017, then the number of search queries related to the blockchain increased by 481.61%, and the number of vacancies - by 325%.
Raj Makhirdzhi, senior vice president, Indeed, stressed that in the past few years one could observe an active growth of interest in the blockchain and cryptocurrencies. At the same time, interest grew from both the employers and the applicants. The company's data show that interest in these positions has greatly increased during the period of Bitcoin growth. Now it has decreased slightly, but still continues to grow.
IBM: central bank digital currencies mitigate financial crisis
Stanley Jung, IBM Blockchain CTO, told CNBC in a recent interview that Central Bank Digital Currencies (CBDC) is the only mechanism that ensures that the financial market functions normally during a crisis.
According to the expert, during the crisis of the financial system of 2008, the lack of confidence in the “delivery versus payment” led to a suspension of regulation of the system of financial flows.
Stanley Jung is convinced that the blockchain will help prevent risks similar to those that occurred in 2008. Namely, the integration with the help of this system of all banking solutions for money transfers, derivatives and stocks, mechanisms for the supply of goods.
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