🍀The value of bitcoin can be compared with gold, as, according to Tom Lee, the head of research and global consultant, Fundstrat, and former managing director of JP Morgan Chase, he may well reach a price of $ 25,000 for five years.
🍀He said this in a recent interview with CNBC program from Fast Money.
🍀Although Bitcoin suffered from recent negative news from countries such as China, which imposed a ban on ICO activities and plans to close the crypto exchanges by the end of the month, Lee believes that there are still advantages in this situation.
🍀According to Lee, in this issue there are two factors - the effect of liquidity and prospects for people. According to him, the Chinese exchanges work with 30 percent of the volumes of bitcoins. If they decide to close the digital currency trading, it is obvious that these volumes will move to other countries.
🍀The second factor is Bitcoin's perspective for people. Our society mostly sees Bitcoin as a bubble and a fragile currency, but this opinion is gradually changing.
🍀Bitcoin differs from other technologies, because the actual network itself generates value, so Bitcoin will be as valuable as the Blochane technology itself.
🍀According to Lee, fraudulent transactions can not occur in this ecosystem, since they will cost $ 30 billion to create a fake bitcoin, so this is a very reliable and trusted network.
🍀And in the end, Bitcoin is still the best technology of today.
🤗 source: cryptocurrency.tech 🤗