Bobby Lee Revealed His Bitcoin Price Prediction

Bobby Lee revealed his Bitcoin price prediction. Lee's statements created a stir in the cryptocurrency market.

Known for his support for cryptocurrencies, Bobby Lee stated that the sharp decline experienced after Bitcoin reached an all-time high at $69,000 at the beginning of November is not the end. According to Bobby Lee, the bull season for Bitcoin is still ongoing and the leading cryptocurrency still has a long way to go before it reaches its peak. In a recent interview with CNBC, Bobby Lee, the former CEO of China's largest cryptocurrency exchange BTCC, predicted that the leading cryptocurrency would be on the rise in the next few months. Saying that Bitcoin is still in a super bull cycle, Lee argues that the leading cryptocurrency has not yet peaked. According to him, when Bitcoin sets a new high, it will continue on its way very quickly and easily exceed the levels of 150 thousand and 200 thousand dollars. On top of this prediction, Lee was asked what the catalyst was that would triple the price of Bitcoin in a short period of time. Lee replied to this question “intense interest from retail investors”. Lee made the following statements: “Good news will act as a catalyst. There is a lot of good news that could emerge regarding regulations and crypto adoption. Over 100 million people around the world have invested in cryptocurrencies. However, cryptocurrencies are not part of the traditional financial system, so they are not featured in the mainstream media.” Expressing that millions of people have entered the cryptocurrency market with decentralized finance and NFT trends, Lee shared his prediction that everyone will talk about cryptocurrencies in the coming years, with the momentum recorded in the cryptocurrency market in the last few years.