The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Bitcoin Still Hasn’t Seen Big ‘Crescendo’ Bull Market Top, According to Crypto Veteran Bobby Lee

by Daily Hodl Staff
November 30, 2021
in Bitcoin

Crypto veteran Bobby Lee thinks Bitcoin (BTC) still has a long way to go before reaching a peak this cycle, even after tumbling sharply from its new all-time high above $69,000 earlier this month.

In a new CNBC interview, the former CEO of China’s biggest crypto exchange BTCC says he’s eyeing the next few months for BTC to break out massively to the upside.

“We know that we’re in a super bull cycle for crypto, for Bitcoin. And we really haven’t seen the crescendo yet. We haven’t seen the peak yet. So there’s been a building up of interest all throughout the year. We saw a mini-peak of $65,000 earlier this year in April.

I think there’s a good chance we’ll hit the peak either later this year or maybe early next year. But I think we’re still on for December. We’ll see a rally coming up. And when we do hit the peak, it’s going to go very fast and easily surpass $150,000 to $200,000.”

When asked what might spur Bitcoin to virtually triple in value so quickly, Lee says that the wide-ranging growth across several cryptocurrency sectors remains relatively under-reported. When prices soar to new highs, Lee believes the general public will take notice of the crypto space in a big way.

“The catalyst [for rallies] is usually a lot of good news. There’s a lot of good news that could come out in the form of regulatory stuff or in terms of adoption. There’s a huge crypto market now. Over a hundred million people in the world own Bitcoin, own cryptocurrency. This is not the traditional financial system, so it’s not well reported in the mainstream media.

But the reality is a lot of people in the world are trading it, with the advent of NFTs (non-fungible tokens), DeFi (decentralized finance), decentralized apps (DApps), and decentralized exchanges (DEXs). Crypto has gained momentum over the last few years.

So when we do see a peak, everyone’s going to be talking about crypto. And we just haven’t seen that yet. But I do believe we’re in the early part of this bull market cycle.”

Lee, who founded the Ballet crypto wallet venture in 2019, recently took to Twitter to explain what people should look for to determine if the bull cycle is about to top out.

“You’ll know we are near the top when the whole world is giddy about crypto, when there’s euphoria everywhere, and with so much good news all around, no one believes the bull market will end.

Are we there yet? No. Not even close.”

Bitcoin is exchanging hands at $57,809 at time of writing, having rallied nearly 8% from its weekly low of $53,575 last Thursday.

I

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Bryan Vectorartist/Konstantin Faraktinov

Submit a Press Release

Industry Announcements

  • Radix Babylon Upgrade Marks New Era for Web 3.0 User and Developer Experience
    September 28, 2023
  • Tyrion Set To Decentralize the $377 Billion Digital Advertising Industry
    September 25, 2023
  • Hydranet Launches Layer Three Dex – A Game Changer for Trustless Cross-Chain Trading
    September 25, 2023
  • Ottochain Homage to EVMOS and Ethereum Layer Two
    September 21, 2023
  • Algorand Foundation Announces Build-a-Bull Hackathon in Collaboration With AWS
    September 20, 2023
  • OKX Achieves SOC 2 Type II Certification, Demonstrating Its Industry-Leading User Safety, Security and Compliance Standards
    September 20, 2023
  • Dexalot Unveils SimpleSwap and SimpleView Features for Enhanced User Experience
    September 19, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$26,886.20
$26,886.20
0.55%
Ethereum
$1,666.89
$1,666.89
0.88%
Cardano
$0.247977
$0.247977
0.62%
XRP
$0.522324
$0.522324
2.63%
Dogecoin
$0.062146
$0.062146
1.2%

Spotlight

  • Bitcoin Facing an ‘800-Pound Gorilla’ Downside Risk, Says Bloomberg Analyst Mike McGlone – Here Are His Targets
    September 22, 2023
  • Trader Warns One Blue-Chip Altcoin Is ‘Hanging On for Dear Life’, Updates Outlook on Bitcoin and Ethereum
    September 22, 2023
  • Crypto Analyst Issues Bitcoin Alert, Says BTC Could Dip Further if History Repeats Itself – Here Are His Targets
    September 22, 2023
  • Whales Move Over $660,000,000 in Bitcoin, Ethereum and Chainlink – Here’s Where the Crypto’s Headed
    September 22, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash • Financeflux •
Industry Announcements

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl