Letter #68. Tom Lee: Bitcoin Will Reach $20k by Mid-Year 🚀🌕

Crypto market
• A breakout of the $12,200 levels will complete an inverted head and shoulders pattern, which can propel the BTC/USD pair back towards the $18,000 levels.
Read more predictions and recommendations in our Price Analysis for BTC, ETH, BCH, XRP, XLM, LTC, ADA, NEO, EOS. http://bit.ly/2GTc0x2

• Co-founder and Fundstrat strategist Tom Lee has repeated his prediction that Bitcoin (BTC) will reach $20,000 by mid-year and $25,000 by the end of the year. http://bit.ly/2F3GID7

Adoption of crypto globally increasing
• Liechtenstein lending institution Bank Frick now offers “direct investment” and cold storage of 5 crypto: Bitcoin, Bitcoin Cash, Litecoin, Ripple and Ether. http://bit.ly/2F0ZRcW
• From today, Australians can buy cryptocurrencies for fiat in more than 1,200 newsstands. This program was introduced by the crypto exchange Bitcoin.com.au http://bit.ly/2FJlFH9
• The German payment provider Bitwala announced that it is launching a new “crypto-first” banking service. http://bit.ly/2oFRdG0
• Porsche becomes the ‘first’ to test Blockchain technology for cars. http://bit.ly/2F41hDP

News Extra
• Indian crypto exchanges will stop trading activities, citing “stresses” on their business caused by governmental actions discouraging crypto. http://bit.ly/2FMEkSJ
• The US Securities and Exchange Commission has launched a probe into cryptocurrency business. http://bit.ly/2F6zy0Z
• Goldman Sachs believe that cryptocurrencies are bubbles and account for just a small 1 percent of global GDP. But don’t forget that three days ago "the firm" acquired a major cryptocurrency exchange, Poloniex. http://bit.ly/2HU5pUy