The bitcoin bears may be in control at the moment, but that is not leading one cryptocurrency market strategist to recoil. Fundstrat Global co-founder Thomas Lee is standing firm on his outlook for the bitcoin price to reach USD 25,000 by year-end despite the fact that the leading cryptocurrency has just revisited April lows and slumped to the USD 7,500 threshold.
The market drop is serving as an indication that “bitcoin is underappreciated”, Lee said on CNBC, adding that’s why Fundstrat likes it at USD 8,000. He reiterated his top-10 day theory, in which historically all of bitcoin’s annual gains are achieved on the best 10 trading days of the year. Lee reminds investors that “bitcoin doesn’t have to go up in a diagonal line.”
Deutsche Börse AG, which owns the largest German stock exchange, is examining a potential move into the blockchain space according to reports.
This follows the introduction of Bitcoin Futures by American rivals and plans for a cryptocurrency trading app by the #2 German stock exchange.
The Institute for Justice (IJ) bills itself as the national law firm for liberty. IJ works to slow the growth of government in the US in all its forms: economic freedom, education, private property, freedom of speech, not to mention amicus briefs to the Supreme Court. Now bitcoiners can help support IJ’s valuable work, a real world use case, through Bitpay and bitcoin cash (BCH).
