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According to Cointelegraph on the 19th (local time), CEO Bobby Lee Vallet, who founded BTCC, China’s first virtual asset exchange, predicted this.
In a tweet posted on his Twitter in December 2018, he predicted that “the next bitcoin rally will start in the second half of 2020,” and “it will continue to rise in the beginning of 2021 and then peak in December of that year.” I have predicted that. In fact, it accurately predicted the Bitcoin rally that will continue from the second half of last year to the present.
Regarding this, CEO Lee recalled, “At the time, the price of bitcoin was less than $10,000. At that time, few people predicted the rise of bitcoin, and many people thought I was crazy.”
As for the future bitcoin price forecast, he predicted that the price of bitcoin will reach 200,000-250,000 dollars within the year, saying, “At least it will be 4-5 times higher than now. Currently, the price of Bitcoin is moving at around $52,000. However, this is significantly lower than the forecast of $333,000, which was released at the end of 2018.
“Recently, the price of bitcoin is driven mainly by news that companies and institutional investors such as Tesla are jumping into this market,” said CEO Lee. I believe it will approve ETF). “Looking at Tesla, all members of the board of directors of public and private companies will consider investments like Tesla.”
In particular, he predicted that in addition to Tesla, SpaceX, a privately held company owned by Elon Musk, will also invest in bitcoin. In fact, Brett Johnson, SpaceX Chief Financial Officer (CFO), is said to have attended a web conference of MicroStrategy, a NASDAQ-listed company that recently invested in Bitcoin with cash on hand.
However, CEO Lee predicted that the price of bitcoin will fall next year. As the downtrend continued, it was expected to drop to a minimum of $41,000 in January 2023. However, afterwards, it will rise again, approaching the market cap of the gold market in 2028, and the price is expected to exceed $500,000.