Fundstrat’s Tom Lee believes that cryptocurrencies “are network value assets” and as the number of people who hold the asset increases, the value of the cryptocurrencies would also move up. According to him, about half a million people use and own currently and if the number doubles, he expects Bitcoin (BTC) to easily reach his target of $25,000.
Binance founder and CEO Changpeng Zhao believes that Chinese President Xi Jinping’s support of blockchain technology will result in the mass adoption of crypto.
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