BOBBY LEE, CEO OF BTCC, PREDICTS BITCOIN AT $ 100,000 IN 2018
Bobby Lee, the CEO of the BTCChina trading platform (BTCC), remains defiant to the Chinese government after paying the price for its policy. It remains very bullish towards Bitcoin, believing that the digital currency has worked better in 2018.
Bobby Lee does not budge. After having paid the price of the government's decision, which recently decided to ban digital currency trading platforms in the country, it remains optimistic about the potential for appreciation of Bitcoin.
1% of investors' wealth
Bobby Lee While the People's Daily, the official press of the Chinese Communist Party, said crypto-currencies were a bubble, Bobby Lee was saying something quite different in the Foreign Correspondents Club (FCC) ) from Hong Kong.
He encouraged the audience to turn to the BTC:
"The Chinese are crazy about Bitcoin because they love speculation, investing and making money." My advice to Hong Kong investors: they keep at least 1% of their wealth in Bitcoin, in order to diversify Hong Kong is much more welcoming than China, as the country does not impose control over the changes. "
Although closed by Beijing, Bobby Lee's platform is still in operation. It continues to operate outside the country, under the name of BTCC.
$ 100,000 this year
Rising Bitcoin Prices Despite the recent offensives of the Middle Kingdom against digital currencies, Lee remains very optimistic about the future of Bitcoin. He told the FCC that the price of the asset could reach $ 100,000 this year, and could even cross the threshold of $ 150,000 by 2021.
He explains that "the reasons why its price is increased is related to the inherent flaws and limitations of the global monetary authorities.There is only a fixed number that will be issued, 21 million." Currently, there are just over 16.5 millions ".
Before growth as well:
"Such a fixed amount is a unique element, unlike government-controlled currencies, which can be issued more if they wish." Bitcoin is the first form of money unregulated by governments or corporations capable of control the way you spend, while in theory it's 'your own money'
He concluded his remarks by referring to the:
"Let me give you four mistakes that can be made when investing in Bitcoin - be undecided and wait to invest, not buy, sell after generating a small profit, sell it after a" crash ". is a new asset class that aims to match or "
A few weeks ago, Cameron Winklevoss, who had already become the well-known "Bitcoin billionaire" prime minister with his brother, had also drawn a parallel between digital assets and gold.
The two brothers then indicated that he did not sell their Bitcoins as long as the value of all the BTC in circulation will be equal to that of the whole of the currently available (between 7000 and 8000 billion dollars). This corresponds, according to our calculations, to a price of approximately $ 450,000 per Bitcoin.