Tron CEO Calls Bitcoin Bottom, Goldman Sachs Says Crypto Will Challenge Banks, and Binance-Backed Token Sale Blasts Off

Tron CEO Calls Bottom

Tron CEO Justin Sun says he thinks Bitcoin has already hit a bottom.

In a new interview with Chinese crypto outlet Huoxing, Sun says the bear market is effectively over, and he expects Bitcoin to stay above $3,000 and move as high as $5,000 in 2019.

“I think it has already hit the bottom, and the bear market is over…

For this year, I think Bitcoin will fluctuate between $3,000 and $5,000. The opportunities for market breakthroughs this year include the explosion of the DApp ecosystem, the large-scale application of the Lightning Network, and the three major opportunities for BitTorrent’s 100 million users to enter the cryptocurrency market.”

Goldman Sachs Touts Crypto

In a new video, Goldman Sachs flashes a slide highlighting cryptocurrency as one of the catalysts that can transform the future of banking.

Brandon Watkins of the company’s investment banking division says speed, efficiency and ease of use are driving people out of the bank and toward newer options to make payments and manage their finances.

“What you’re seeing today is that new financial technology companies are using differentiated products to acquire scale really efficiently and much faster than they’ve ever seen before.”

“Today, with complete mobile ubiquity and connectivity, you’re seeing more consumers wanting to take a digital channel for all of their needs, especially their financial needs.”

The video points out that consumer trust in digital platforms is a growing global phenomenon and the switch is sweeping across India, China and Latin America.

Token Sale Instantly Sells Out on Binance

The token sale for Fetch.AI sold out in about 10 seconds today on Binance Launchpad. Fetch is working to use blockchain technology to give companies new ways to manage supply chains and energy consumption.

https://twitter.com/cz_binance/status/1100034248797343745

Binance says it sold 6% of the total supply, which is worth about $6 million.

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