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Despite predicting that Bitcoin price will rise to $300,000 in the current bull market, Bobby Lee, founder of BTCC exchange, believes that crypto markets could spend years in decline after the market reaches its peak.
What Happened: “Bitcoin bull market cycles come every four years and this is a big one,” said Lee who co-founded UK-based cryptocurrency exchange BTCC in an interview with CNBC earlier today.
According to him, the market-leading cryptocurrency is likely to reach $100,000 this summer and may even reach $300,000 if historical cycles were to repeat.
What Happened: “Bitcoin bull market cycles come every four years and this is a big one,” said Lee who co-founded UK-based cryptocurrency exchange BTCC in an interview with CNBC earlier today.
According to him, the market-leading cryptocurrency is likely to reach $100,000 this summer and may even reach $300,000 if historical cycles were to repeat.
https://finance.yahoo.com/news/bitcoin-winter-could-last-years-171101499.html
This is a very interesting one: Bobby lee is not some stupid commentator but someone who predicted earlier than other the huge institutional boost before others did? What do you guys think about his take on a possible forthcoming crypto winter? Is that likely?