Bitcoin Bull Bobby Lee Says BTC by Jan 2019 at $2,500 USD but by Dec 2021 at $333,000 USD

Bobby Lee seems to be very bullish about Bitcoin’s future. However, the market has been in a bear trend since the beginning of the year and it can reach a new bottom in the near future. Bobby Lee is the co-founder of BTC China, creator of BTCC Mobi and a recognized person in the cryptocurrency community.

He has always been very positive about Bitcoin and virtual currencies and now he has made a very bullish prediction for the future of the virtual currency.

On Twitter, Bobby Lee talked about the future of the space and has invited the community to answer a few questions about Bitcoin. He compared the current market crash with the downtrend that Bitcoin experienced back in 2013. At that time Bitcoin reached an all-time high of $1,200 and plummetted for the next 13 months over 87% and bottomed close to $150.

At the same time, Bitcoin reached an all-time high in December 2017 of $20,000 and now it has plummetted around 80%. 13 months later would be January 2019 and the Bottom would be close to $2,500.

He provided four different options for Twitter users to answer. He asked whether Bitcoin will bottom in 2019 or not and if it will reach $2,500 or not. 40% answered that it will go below $2,500. 27% said that it will reach $2,500 in January 2019. 20% selected the option that Bitcoin will bottom in January but it will not bottom around $2,500. The last answer was that Bitcoin will reach $2,500 but not in January 2019, having 13% of the votes.

Although the virtual currency market is unpredictable and very volatile, Lee assumed that the same conditions are going to be applied to Bitcoin this year and the coming ones. In another tweet, Bobby Lee said that the next rally would start in late 2020 and peak out in December 2021 at $333,000, crashing after it back down to $41,000 in 2023.

He then wrote that if the next Bitcoin rally in 2021 reaches $333,000, Bitcoin would have the same market capitalization as gold, close to $7 trillion dollars.

There were several users that answered Lee that the market would react in a different way since Bitcoin is not the same as it was back in 2013. Now there are Bitcoin futures and soon institutions will start entering the market and placing their funds in the space.

According to CoinMarketCap, Bitcoin is currently being traded close to $3,410 and it has a market capitalization of $59.39. If it wants to achieve $333,000 it will have a lot of work to do in the coming months and years.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,511FansLike
2,795FollowersFollow
4,274FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

DeFi Growth & Stablecoin Surge Most Bullish Crypto Development: DCG State of Crypto 2020 Survey

39% of the respondents that involve 150 portfolio companies see DeFi as the most bullish crypto development of 2020, as per the DCG Founders...

Non-Custodial Bitcoin Exchange, Hodl Hodl, Launches Lending Service Without KYC

Hodl Hodl, a non-custodial Bitcoin exchange, is launching a KYC-free lending product for its customers. The exchange claims that its lending product would be...

Total Value Locked in Harvest Finance Surpasses $1 Billion, Up 366,200% Since September

Decentralized platform Harvest Finance that provides users a way to farm assets for the highest yields now has more than a billion dollars in...

Strong Institutional Demand for Bitcoin, CME Becomes Second Largest BTC Futures Market

Bitcoin's price made a big shift this week as the bulls gained control of the market and pushed it past $13,000. A similar shift has...

PoolTogether's ‘No Loss' Gambling Platform Utilizes Chainlink’s VRF on Ethereum to Select Winners

Chainlink announces its verifiable random function on the Ethereum mainnet, bringing a host of benefits to the decentralized platform. PoolTogether, a gamified savings platform...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today