Tom Lee Maintains His Prediction That Bitcoin (BTC) Will Hit $25K – Potential Catalyst For A Price Surge
Tom Lee, head of research at Fundstrat, was popular for having what others may have seen as bold predictions regarding Bitcoin.
Bitcoin to hit $25k?
Last year, for instance, Lee predicted that BTC would hit $25k by the end of the year, but then, seeing the bearish market which was not planning to change, he changed his prediction and said that a lower forecast is appropriate: $15k.
As you all know, an apocalyptic fall of cryptos left the markets down and BTC was priced at only $3,750 at the end of 2018.
Now, Lee says that he maintains his bullish prediction of $25k for the price tag of BTC.
During a brand new interview with Fox Business, Lee said that despite the fact that he still believes this, he doesn’t know when such a thing might happen.
Potential catalyst for a BTC price surge
Tom Lee is not the only voice in the cryptosphere with such positive thoughts on Bitcoin.
One of them comes from Gemini founder, crypto mogul Tyler Winklevoss who said that BTC is walking the right path to surpass the market cap of gold which is currently around $7 trillion.
One interesting thing that might trigger mass adoption is coming from an unexpected company: Samsung.
The tech giant is preparing the reveal of its next flagship that everyone’s waiting with high enthusiasm: the Galaxy S10.
— Gregory Blake (@GregiPfister89) January 22, 2019
The phone may include the Samsung Blockchain KeyStore that seems to be a blockchain wallet, according to the latest leaks on the matter.
This can reportedly act as a secure and convenient place to hold your digital assets, and it can enable users to own total control over their private keys and cryptos.
But if Samsung’s next flagship does come with a mobile wallet implemented, considering the success that Samsung has with its smartphones, this would be a massive step towards mass adoption and, who knows, maybe BTC’s price would see new heights again.
Humble opinion: if Samsung integrates crypto to Galaxy S10, I think it may have a bigger impact than ETF and Bakkt combined.
Partially because no one really knows what kind of exposure ETF / Bakkt will bring meanwhile millions of people use Samsung phones daily.
— Joseph Young (@iamjosephyoung) January 24, 2019
This move is expected to have a more important impact on the markets compared to Bakkt and Bitcoin ETFs.
Olympic rower and cryptocurrency investor. Winklevoss is the co-founder of Winklevoss Capital Management, a blockchain venture capital firm. Winklevoss also co-founded the next-gen exchange, Gemini, where he now stands as CEO. The business mogul is currently seeking approval for a Bitcoin ETF Winklevoss Bitcoin Trust, having already launched WinkDex, a BTC Price Index that will price the ETF.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.