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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