Lamoureux crypto trader predicts a Bitcoin price of $25,000

The macroeconomists at Lamoureux & Co are convinced that Bitcoin will be worth $25,000 and more in the long run.

Thanks to the incidents we reported elsewhere regarding the Bitcoin stock markets in China, the price fell by almost ten percent, that is, by 100 dollars. At the moment, however, the share price seems to be recovering.

According to Yves Lamoureux, this is only the beginning. In a recent article, he states in various places that we are in a bubble of Bitcoin. Investors who otherwise tend to invest in hard assets such as gold or other precious metals and venture capitalists now smell the big deal.

Bitcoin as the world’s leading crypto trader currency

This assumption is also shared by the crypto trader of Netcoins: Michael Vogel believes that Bitcoin could become a global crypto trader currency by 2020. If this were to happen, it is to be expected that the price would rise dramatically.

Tim Draper, a top-level investor whose investments are in the millions of dollars range, is also thinking in a similar direction and believes that Bitcoin will gain significantly in value. But he suspects another mechanism behind it: “Many investors currently seem to want to invest in Bitcoin start-ups rather than in Bitcoin. They are convinced that these start-ups will gain importance – and that the price of Bitcoin will rise rapidly as a result.

Three years ago Tim Draper made the bold prediction that in 2017 a Bitcoin would be worth $10,000. Even if you are far away, he trusts that this also applies to the end of the year and remains true to his predictions.

In a previous article, Lamoureux argued that hyperinflation controlled by the central bank would begin in a few years, with Bitcoin and other encrypted currencies benefiting from this hyperinflation.

Currently, however, it has a different position: it compares the expected increase in the value of Bitcoin with that of gold: when gold was traded for 300 dollars, people invested mainly to escape the monetary devaluation.

In this sense, not much has changed in commercial behavior for a hundred years:

People invest when they can hope to make a profit. But for that to happen, most potential investors need to be convinced that an investment is worthwhile.

“Whether it’s tulips, real estate: Bubbles need active investors. With more and more use cases, the technology blockchain is becoming ubiquitous – which in turn gives the technology behind Bitcoin confidence and investors. We believe that encrypted currencies like Bitcoin are currently in such a cycle.

IOTA and eCl@ss plan global industry standardization 4.0

The IOTA Foundation will work with eCL@ss e.V. in the future. eCl@ss is the only cross-industry ISO/IEC-compliant industry standard that is used worldwide.

IOTA is intended to help eCl@ss transfer standardized eCl@ss data securely and reliably

They found each other: IOTA and eCl@ss announced their cooperation on 5 December. Since both IOTA and eCl@ss focus on Industry 4.0, this decision seems quite obvious. After all, standards must be developed for the Internet of Things that can be applied globally.

“We look forward to working together […] on the development of new standards for device communication and complex payment processes in the Internet of Things”, says Thorsten Kroke, CEO of eCl@ss. They are familiar with standardization. The association was founded in 2000 and initially had twelve members, including Siemens, SAP, Bayer and E.ON. In the meantime, the number of members has grown to almost 150. Among the members, who together make a trillion annual sales, are industry leaders such as VW, BASF, RWE, Fujitsu and Bosch. The cross-sector standard for the classification and standardization of master data is used by over 3,500 companies worldwide.

The Internet of Bitcoin loophole

For Gerhard Treitinger, Product Manager at Bosch subsidiary BSH Hausgeräte, it was interest at first glance: When we first heard about Bitcoin loophole and its data marketplace, the joint implementation of IOTA and eCl@ss seemed like a natural step. Read more on: Is The Bitcoin Loophole a Scam? Beware, Read our Review First

This is also due to the fact that both want to position themselves as central players in the development of the Internet of Things and its standardization.

Holger Köther, Director of Partnerships at the IOTA Foundation, is correspondingly enthusiastic:

“It is an extraordinary opportunity to shape how the next generation of devices can communicate through data and micro payments in all industry landscapes to really strengthen a machine-to-machine economy for the Internet of Everything”.

With this cooperation, IOTA comes into indirect contact with a whole bouquet of large companies and hidden champions. IOTA cannot yet complain about a lack of interest on the part of the industry. However, there is still little that goes beyond mere announcements of cooperation. At least you can take a look at what the cooperation between IOTA and eCl@ass could look like.

Another example of the “Tangle to touch” is the company iampass. Its founder was a guest at the BTC-ECHO podcast in October to talk about his company’s IOTA-based hand-held vein scanner: