BTCC’s Bobby Lee: Bitcoin Price to be Between $5,000 and $11,000 By 2020

BTCC’s Bobby Lee: Bitcoin Price to be Between $5,000 and $11,000 By 2020

BTCC CEO Bobby Lee has forecast Bitcoin being worth between $5000 and $11,000 by 2020 after the block reward halving. In a tweet on Sunday, Lee, who has made regular predictions, stated that the daily inflow of cash into Bitcoin would also scale accordingly from the current levels of $2 mln per day to up to $10 mln. Lee added that for the “medium-term” he expects a price equal to the number of his followers - $5,600 - but did not stipulate what length of time that might refer to. His upbeat tone comes amid continued frenzied trading in China, despite the country’s Bitcoin exchanges only....


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Quotes

Bitcoin is getting there. But it’s not there yet. When it gets there, expect governments to panic and society to be reshaped into something where governments cannot rely on taxing income nor wealth for running their operations.

Rick Falkvinge, IT Enterpreneur, Politician. Founder of the Swedish pirate party