Weekly Crypto Recap 24 March 2018

Bitcoin to reach $91,000 by 2020?
Tom Lee Predicts Bitcoin To Reach $91,000 by 2020
Fundstrat’s Tom Lee has forecasted that Bitcoin’s price will reach $91,000 by March 2020. His forecast is based on performances of Bitcoin after past market dips. He used an average of the percentage gained at a price after each dip to arrive at the 2020 figure.

Congressional Hearings: We Must Distinguish Digital Commodities From ICOs
The proposal on congressional hearing is following: major cryptocurrencies are like digital commodities while the ICOs are securities, both having distinct risks that must be addressed by investors in different ways. Chief legal and risk officer at Coinbase commented that regulatory industry should not impose a rigid regulatory system too early.

British IT Hardware Supplier To Build Largest Bitcoin Farm In The UK
Bladetec, a British IT hardware supplier, has recently revealed plans to build a Bitcoin mining farm in the South East of United Kingdom. The company expects to be able to mine 1,280 bitcoins over a period of 2 to 3 years, approximately equal to $11 million at today’s exchange rates

Over 16 million Americans now own cryptocurrency, survey finds
Nearly 16.3 million Americans, or 8 percent of the country, own some form of cryptocurrency, according to a new survey by Finder.com. 40 percent of those who don’t hold any cryptocurrency believe “there is no need or they are disinterested,” followed by 35 percent saying “it’s too high risk.”