BTCC CEO Lee Pegs Bitcoin Price Between $5,000 and $11,000 by 2020

BTCC CEO Lee Pegs Bitcoin Price Between $5,000 and $11,000 by 2020

Bobby Lee, BTCC’s co-founder and CEO recently tweeted a bitcoin price prediction, which is between $5,000 and $11,000 by 2020, after the block reward halving. The entrepreneur, who regularly makes predictions, also stated the daily inflow would scale accordingly – from the current $2 million a day level, up to $5-$10 million a day. #Bitcoin price target in 2020; after block halving: USD $5k-$11k Assuming $5-$10 million daily flow into #BTC by then. (Today: $2m daily in). — Bobby Lee (@bobbyclee) February 26, 2017. Bobby Lee also reminded his 5,600 Twitter followers his “medium-term” price....


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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....