The price of bitcoin is displayed on the electronic board of’Upbit’, a cryptocurrency exchange in Gangnam-gu, Seoul on the afternoon of the 18th, when the price of the cryptocurrency’Bitcoin’ has surpassed 50,000 dollars and continues to rise. News 1
A cryptocurrency expert, who predicted that “bitcoin, which hit the bottom in 2019, will start an upward rally from the end of 2020” three years ago, predicted that “the price of bitcoin will continue to rise until the end of the year.”
Bobby Lee, the founder of BTCC, a cryptocurrency trading site in China, said through Cointelegraph on the 19th (local time) that the price of bitcoin will rise to 200,000-250,000 dollars at the end of this year. I saw.
Lee is considered a representative’Bitcoin admirer’. In 2018, he claimed, “Bitcoin will start rallying at the end of 2020 after hitting the bottom in January 2019, reaching an all-time high of $330,000 in December 2021.” At the time, the price of Bitcoin was less than $10,000, so many people thought they were crazy, Bobby Lee said.
Domestic bitcoin prices are hitting peaks every day. On the 19th, at the cryptocurrency exchange Upbit, the bitcoin value at 11:48 pm exceeded 60 million won per piece. It has been 10 days since 1 bitcoin exceeded 50 million won for the first time in a domestic transaction on the 9th.
“The recent bitcoin price is driven mainly by news that companies and institutional investors such as Tesla are entering the market,” he said. “Looking at Tesla, other publicly traded and privately held boards of companies will also consider investment.”
However, Lee doesn’t see bitcoin prices going up. It was predicted to drop to $41,000 in January 2023. He believes that the’history’ of bitcoin, which goes up and down, will repeat itself. “If the price of Bitcoin reaches its peak, it will collapse,” said Lee. “The impact of the plunge in prices will be devastating.
However, Lee analyzed that an uptrend would come again later. By 2028, it is predicted that the price of bitcoin will exceed $500,000, approaching the market cap of the gold market.
Reporter Lee Ga-young [email protected]