Bobby Lee Says Bitcoin Targeting $200,000 With ‘Many Cycles to Come’
The co-founder of Hong Kong-based crypto exchange BTCC says he thinks it won’t be long until Bitcoin hits $200,000.
In a new interview with Yahoo! Finance, Lee says BTC has many more boom and bust cycles to come.
“People get dissuaded or get doom and gloom after the big rise to $20,000 in 2017 and then the crashing down.
We are in one of many, many cycles to come. Any cycle will take us to higher and higher heights. I’m quite confident sitting on my Bitcoin investment that in a very short amount of time we’ll exceed $20,000 and go to $50,000, $100,000, even $200,000. When I say a short time, I don’t mean minutes or hours, I mean maybe months, if not a few years.”
Lee is a longtime Bitcoin bull and has said he expects the leading cryptocurrency to reach $333,000 by 2021.
Lee is launching a crypto hardware wallet through his new startup called Ballet.
The wallet is similar in size and shape to a credit card with a pre-assigned crypto address and QR code.
Designed as a 100% off-line cold storage, crypto hardware wallet for the masses, Ballet allows users to send funds using a combination of a passphrase on the wallet and the Ballet app on iOS or Android.
“I created Ballet to make cryptocurrency truly accessible to everyone, regardless of age or background.
With elegance and usability at its core, our users no longer need to worry about hackers, passwords, backups, or trusting a third-party custodian to keep their assets safe. We are here to bring you peace of mind, by making cryptocurrency truly physical, and thus easy to keep secure.”
The wallet is currently in beta mode and supports a list of cryptocurrencies.
- Bitcoin SV
- USD Coin
- Huobi Token
- Bitcoin Gold
- Bitcoin Diamond