Bitcoin price could reach $ 300,000
Crypto Wallet Ballet CEO, Bobby Lee, assured that the bubble will burst when it reaches its peak
Bobby Lee, CEO of Crypto Wallet Ballet said the price of bitcoin could end up reaching $ 300,000 after the bubble bursts at its peak.
“Bitcoin bull market cycles happen every four years and this is a big one. I think it could really go up to more than $ 100,000 this summer,” the executive added.
In Lee’s words, in the last eight years there have been several cycles of this “bull market”, the first of which was generated in 2017 when the cryptocurrency reached $ 20,000.
Without reaching such a dizzying growth rate in 2021, “even a value 10 times higher than today” would drive the price of the cryptocurrency to $ 300,000, Lee says.
“It could go down quite a bit and that’s when the bubble bursts. In the bitcoin crypto industry we call it ‘bitcoin winter’ and it can last two to three years.“
K. Tovar
Source: RT
