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BTC $47840.82 (0.19%)
ETH $3559.67 (-0.1%)
USDT $1.00 (-0.0%)
BCH $639.04 (-0.7%)
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DOGE $0.24 (-1.4%)

Bitcoin Price to Hit $300K Before 2021 Ends, Says Bobby Lee

Bitcoin Price to Hit $300K Before 2021 Ends, Says Bobby Lee
  • Bobby Lee predicted that Bitcoin will hit $300K by the end of this year.
  • Specifically, he said that the Bitcoin price will rise to $100,000 during this summer.
  • Presently, Bitcoin price is $53,629 with a 24-hour trading volume of $63,739.

BCC exchange’s Co-Founder, Bobby Lee, has expressed his concerns about Bitcoin. According to Lee, BTC could surge much higher from its current price to about $300,000 before this year ends.

On this note, Lee even went on and said the BTC bull run is now starting despite the previous bull run this year. Also, he said during this summer, Bitcoin price will rise to not less than $100,000 to be precise.

After Lee said these, he gave caution specifically about the bear market alongside.

Lee said,

Bitcoin bull-market cycles come every four years, and this is a big one. I think it could really go up to over $100,000 this summer.

Not only this, Lee further explained and projected a more bullish price for BTC at the end of this year. Furthermore, regardless of the BTC bullish market today, Lee figured out risks of crypto winters that could be associated with the price peak.

He said that “It could go down by quite a bit, and that’s when the bubble bursts”. However, based on Lee’s suggestion, it shows that he strongly believes in Bitcoin’s potential.

According to CoinGecko, Bitcoin price is $53,629 with a 24-hour trading volume of $63,739, at the time of writing.

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Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.