A new survey issued by Fundstrat is in the latest news on our DC Forecasts crypto news site – this time with a topic that is closely related to Bitcoin’s ‘bottom’ price that appears to be viral everywhere online.
As Fundstrat reported, even 54% of the institutional investors appear to be more bullish on Bitcoin (BTC) than the other members of the crypto community on Twitter. The results of this survey were first revealed to the public by Tom Lee, who is the head of research for the company in a live CNBC show on October 4th.
CRYPTO POLL (3 of 6 questions):
When do you think Bitcoin will bottom?
— Thomas Lee (@fundstrat) September 30, 2018
As Lee revealed, he surveyed 25 institutions and had 9,500 responses to a public Twitter poll that was conducted on September 30th – which led to the results that Wall Street is calling a bottom on Bitcoin.
What is also interesting is the fact that institutional investors are also bullish in regards to the growth of Bitcoin. As 57% of them said, the Bitcoin’s price is going to reach anywhere from $15,000 to “the moon” by the end of next year.
Meanwhile, the crypto community on Twitter appears to be less optimistic about Bitcoin. As 66% of the respondents who answered Lee’s Twitter poll have noted, Bitcoin can still drop lower than it is right now – and only 40% of them said that it is likely to reach $15,000 by 2019.
Lee, on the other hand, appears to be sticking to his earlier price predictions about Bitcoin and its potential to trade between $22,000 and $25,000 by the end of this year. However, he also made another optimistic prediction lately about Ethereum. Talking to Bloomberg, Lee said that ETH is about to see a “trend reversal and rally strongly” even up to $1,900 by the end of this year.
Binance Enables Australian Users To Buy BTC At 1,300 Newsstands
‘’Binance Lite is a simple site for users to easily buy bitcoin with cash at physical store fronts. This model makes it really easy to bring new users into crypto, starting with Australia, where the government has taken proactive steps to support the blockchain industry. Users won’t have to open complicated online accounts to start using the service.’’The crypto market in Australia was a little behind than other markets in the world such as South Korea or Singapore because the banks didn’t support the crypto businesses in Australia. Back in 2017, during the strongest crypto rally, reports show that the larger Australian banks closed the accounts on multiple crypto investors. However, starting last year, the government of Australia began its proactive approach in regulating the crypto space and the blockchain industry so the investors are now hopeful that they could improve the market in the long run. Zhou also said that more than $5 billion in crypto was traded in crypto in 2018 in Australia and that since then the government is funding blockchain startups and companies by issuing bonds on the blockchain. The government has also started to accept crypto on airports such as the airport in Brisbane and even held a voting trial on the blockchain. He finished his interview by saying:
“Binance Lite also completes a comprehensive value chain for the Binance ecosystem in Australia. For example, users can show their friends how to buy bitcoin from Binance Lite stores, immediately load it up onto Trust Wallet on their phones, and go on to spend this bitcoin in shops accepting bitcoin payments through TravelbyBit, the payments startup Binance invested in last year.’’
Binance: Australians Can Now Buy Bitcoin With Cash From 1,300+ High-Street Stores
“Binance Lite Australia further expands digital currency adoption by providing easier ways to buy bitcoin. We are excited to continue to roll out more fiat to crypto gateways around the world to support the growth of our industry. We firmly believe that more adoption will lead to more innovation and more economic opportunities.”The account verification will occur on www.binancelite.com - and after that - users can deposit cash at the nearest Newsagent stores to receive crypto within minutes. Binance Lite Australia was designed as simple and easy to use and it sstate-of-the-art order processing technology guarantees maximum safety. Binance recently integrated the credit card payments on Binance.com and launched the fiat-to-cryptocurrency exchange (January 2019) with zero deposit fees - becoming one of the lowest priced exchanges for trading with Euros, British pounds and BTC and ETH. The fiat gateways also included the Binance Uganda, another exchange which supports the trading of Ugandan Shillings for cryptocurrency.
“Australia has been at the forefront of blockchain innovation, and we hope Binance Lite Australia can play a role to help further this cause,” Zhou concluded.
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