Tom Lee: 2020 Will Be a Big Year for Bitcoin

NICK MARINOFF | April 28, 2019

Tom Lee: 2020 Will Be a Big Year for Bitcoin
Bitcoin first exploded to $20,000 by the end of 2017. From there, it entered a long period of decline that saw it lose roughly 80 percent of its overall value by the end of 2018. This lasted for another five months before the currency finally recovered somewhat in early April 2019. There are still plenty of steps to take, however, if the currency is going to spike into the five-figure range yet again. Thankfully, Lee says the time to take those steps is right around the corner. In a recent interview, the longstanding crypto bull claimed: Last year was a terrible year for crypto, a massive bear market, and we published a piece this week just highlighting… 11 signs that historically only take place in a bull market. So, I think the evidence is mounting that there’s a bull market. It’s difficult not to take these words with a grain of salt. While Lee is very respected in the crypto space, his predictions for bitcoin have not always been fully realized. For example, despite the consistent price drops of 2018, Lee was very adamant that bitcoin would ultimately reach $25,000 by the end of the year. He later lowered his predictions to $20,000 and $15,000 respectively, but all the while, crypto continued to incur further price falls.

Spotlight

Sharon Thorne, Managing Partner, Global Deloitte UK interviews Michael Thorne, MD Investment at UK Trade & Investment. The UK’s finance industry drew 99 foreign direct investment projects in 2016, up 5pc on the year and the most for a decade, according to a report by accountancy.


Other News
FINTECH

Currencycloud Will Be Acquired By Visa

Visa, Currencycloud | July 23, 2021

Visa announced today that it has entered into a definitive agreement to purchase Currencycloud, a worldwide platform that enables banks and fintechs to provide innovative foreign currency solutions for cross-border payments. Currencycloud is valued at £700 million, including cash and retention incentives, as part of the acquisition, which builds on the two firms' existing strategic cooperation. The financial consideration will be decreased by Visa's existing ownership of Currencycloud's outstanding stock. Currencycloud's cloud-based platform provides a comprehensive set of APIs that enable banks and financial service providers to provide currency exchange...

Read More

FUNDING

Soldo, A Spend Management Fintech, Has Closed A Record $180 Million Series C Round

Soldo | July 22, 2021

Soldo, the leading European pay and spend automation platform, today announced the completion of a $180 million Series C investment round, a European record in the spend management category. Temasek, a significant global investor headquartered in Singapore, led the funding. Sunley House Capital, Advent International's crossover fund, and Citi Ventures are among the new investors in the round, which also includes debt funding from Accel, Battery Ventures, Dawn Capital, and Silicon Valley Bank. Goldman Sachs served as Soldo's exclusive placement agent for the transaction. Despite the adverse macroeconomic situation, this investment follows a 4x increase in...

Read More

FINANCIAL MANAGEMENT

BlackLine and Kybria, Collaborate To Accelerate Bank Connectivity

BlackLine | July 21, 2021

BlackLine, Inc., a leader in accounting automation software, and Kyriba, a global leader in cloud-based finance and IT solutions, announced today that they are collaborating to streamline the digitalization of the Office of the CFO and improve collaboration between Finance and Treasury departments. Through its integrated solutions, the collaboration provides enhanced capabilities for mutual customers by accelerating bank connectivity, improving cash visibility, and allowing more automation within the financial close and accounts receivable processes. Finance and Treasury leaders need their technology solutions to operate more effectively across both the Finance and Accounting ...

Read More

FINANCIAL MANAGEMENT

Bill.Com Has Agreed To Buy Invoice2go, A Leader In Accounts Receivable Software

Invoice2go | July 20, 2021

Bill.com, a leading provider of cloud-based software that simplifies, digitises, and automates complex back-office financial operations for small and medium-sized businesses (SMBs), announced today that it has signed a definitive agreement to acquire Invoice2go for approximately $625 million in stock and cash. Invoice2go is a major provider of mobile-first accounts receivable (AR) software that enables small businesses and freelancers to expand their client base, manage invoicing and payments, establish their brand, and much more. Invoice2go provides a huge global customer base of small businesses from headquarters in Sydney, Australia and Palo Alto, California. The acquisitio...

Read More

Spotlight

Sharon Thorne, Managing Partner, Global Deloitte UK interviews Michael Thorne, MD Investment at UK Trade & Investment. The UK’s finance industry drew 99 foreign direct investment projects in 2016, up 5pc on the year and the most for a decade, according to a report by accountancy.

Resources

Events