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Thomas Lee Sticks To His Guns With $25,000 Bitcoin (BTC) Price Prediction




The market might be in the red, but if you have been in this crypto-verse since December, you know it will go back to being green in a matter of a few days. Perhaps this is why Fundstrat’s CEO, Thomas Lee, is still sticking to his guns with his prediction of seeing a $25,000 Bitcoin (BTC) by the end of the year.

Mr. Lee highlighted the attendance of the Consensus event back in May as an indicator of increased interest in blockchain technology as well as cryptocurrencies. Mr. Lee was quoted as saying:

“The notion of blockchain as a way to solve trust in the digital world has gained a lot of traction, especially out of Consensus. And what investors aren’t connecting is that you can’t necessarily just say ‘I believe in the blockchain.’ Bitcoin and cryptocurrencies are essential to how blockchains operate in the security.”

Mr. Lee went on to give 3 reasons as to why Bitcoin will reach the $25,000 mark. The reasons were:

  1. The cost of producing and replicating Bitcoin is almost equivalent to the current trading levels of the coin. This means that it will not deviate lower than the levels we are seeing now
  2. Institutional investors are keen on the industry and are possibly waiting to make an entry every day, albeit with uncertainty due to the lack of direction by regulators. Once this is cleared up, they will buy in quick
  3. Fundstrat, the firm he runs, has collected and compiled historical data about the prices and trends of Bitcoin that back his bold statements of a $25,000 price by the end of the year

However, the crypto-verse is currently experiencing some uncertainty after a flash crash left many traders baffled early Sunday morning. Even the price prediction by Mr. Lee might sound a bit skeptical this week.

Several theories have emerged with respect to the flash crash that occurred early Sunday morning in the crypto markets. One theory that has turned out to be true, is that popular South Korean exchange, CoinRail, was hacked. Estimates of the cost of the cyber ‘looting’ have been put at $40 Million worth of crypto. But the major blow came when the crypto-markets responded to the news. What then proceeded is a massive sell-off that managed to wipe out close to $20 Billion in the total crypto-market value in a time frame that was a few hours.

A second theory to the current market turmoil has been well elaborated by John McAfee via twitter when he said:

“Do not panic about the drop in Bitcoin’s price. It is an overreaction to the news that Bitstamp, Coinbase, itBit, and Kraken are being investigated for price manipulation. This will delay the bull market by no more than 30 days. Don’t buy into the fear. Buy the coins.”

In conclusion, there is only one thing to do: and that is to remain calm as the markets find a footing once again.


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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Blockchain technology outshines Bitcoin and Gold during global pandemic



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Many investors that backed companies who have exposure to blockchain technology have seen an approximate amount of 54% return on investments over the past year. This is even after considering how hard the global tech market and companies have been hit since the beginning of the pandemic.

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Each block in the chain contains various transactions which are recorded on the participant ledger every time a transaction takes place. The database is decentralised and is managed by multiple participants known as Distributed Ledger Technology (DLT).

Although blockchain technology was birthed from Bitcoin and was widely adopted for the use of cryptocurrencies, the way it works and its security has made…

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Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC




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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

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The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

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