Former head of the oldest Chinese cryptocurrency exchange BTCC, Bobby Lee, spoke about the prospects of the main digital asset and explained why its value will increase tens of times in the coming years.
Within 9 years, the Bitcoin rate will rise above$ 500,000 mark, sure co-founder and former head of BTCC's oldest Chinese crypto exchange, Bobby Lee. In his opinion, then the cost of the main digital coin will continue to increase, as a result of which it will be able to reach $ 1 million.
#Gold is at about $ 8 trillion today, which is 50x the worth of #Bitcoin.
I predict the #flippening will happen within 9 years and $ BTC will shoot up past USD $ 500,000.
And with all of the money printing that’s happening globally, $ BTC will actually very likely be over $ 1 million! https://t.co/hbqGze38k5
- Bobby Lee - Ballet: Simple & Elegant Wallet (@bobbyclee) November 10, 2019
“Today, the capitalization of gold is about $ 8trillion, it's 50 times more than the Bitcoin market. According to my forecasts, cryptocurrency will be ahead of the precious metal within 9 years, and the price of BTC will exceed $ 500,000. Given the scale of the global printing of money, BTC can cost more than $ 1,000,000, ”wrote Bobby Lee.
He explained that Bitcoin was created this way.so that its value increases many times over. The entrepreneur added that since the moment the asset appeared, only two halving has passed, in the next 10 years there will be three, and by next year the daily volume of cryptocurrency emissions will be about 255 BTC, annual inflation - less than 0.5%. Lee believes that the main digital coin is scarce than gold.</p></p>