#CryptoCorner; Former OKEx CEO Defers to Huobi, Fundstrat #Crypto Analyst Predicts 25K for #Bitcoin by 2019

#CryptoCorner; Former OKEx CEO Defers to Huobi, Fundstrat #Crypto Analyst Predicts 25K for #Bitcoin by 2019

Point Roberts, WA, Delta BC – May 21, 2018 -  Investorideas.com, a leader in crypto and blockchain investing news reports on what’s driving the cryptocurrency markets with today’s edition of Crypto Corner.

Former OKEx CEO Defers to Huobi, Fundstrat Crypto Analyst Predicts 25K for Bitcoin by 2019 but Vanguard Economist Sees ‘Decent Probability that its Price Goes to Zero’

Chris Lee, who recently resigned as CEO of OKEx, has joined rival crypto exchange Huobi Group. Lee will be coming on as Board Secretary and VP of Global Business Development according to a press release from Huobi today. Lee praised his new employer and speculated that they could one day rival a business like Goldman Sachs.

"I am a big believer in blockchain technology and view exchanges as the heart of the industry. Huobi Group has built a strong foundation, from the popularity of its exchange to the investments the company has made in the global blockchain ecosystem. The combination of the team's technical expertise with industry-leading marketing and operational abilities positions it to become the Goldman Sachs of this new era in finance. If done properly, Huobi may even be bigger than Goldman one day."

Thomas Lee, Fundstrat Global Advisors’ head of research, expects Bitcoin to rise to $25000 USD by the end of 2018, according to a story in Bloomberg. This is in spite of Lee’s prediction on May 7 that Bitcoin would rally in response to the Consensus conference last week. Explaining his prediction about the conference on Friday, Lee said:

“Given conferences like Consensus are chances for the community to gather in a centralized place and meet constituents new to the community (growth in attendance), it seems natural that the combination of ‘sanity check’ (all is OK and progress is happening) plus ‘new interest’ (incremental attendance) should strengthen the crypto-community’s conviction,” he wrote. “And coupled with growth in incremental constituents, should have aided crypto-currency prices.”

Conversely, Vanguard’s Chief Economist cast a very different long term prediction for Bitcoin on a recent ETF.com op-ed. Davis expressed enthusiasm for blockchain technology in general, but said Bitcoin itself could crash utterly.

“I’m enthusiastic about the blockchain technology that makes bitcoin possible. In fact, Vanguard is using such technology. As for bitcoin the currency? I see a decent probability that its price goes to zero.”

Get the Crypto Corner News by email Get Crypto Corner News

Crypto Corner Sponsors:

Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations.  https://www.fliptopay.com/

Investorideas.com is a leader in Blockchain content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com

Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure:  this newsletter is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip More info: http://www.investorideas.com/About/News/Clientspecifics.asp

Cryptocurrency Disclaimer
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

Contact Investorideas.com