July 20, 2024

“Bitcoin is ahead of gold.” When the coin will cost $ 500,000

Bobby Lee, the former head of China's oldest crypto exchange BTCC, spoke about the prospects of the main digitalasset 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.

“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.