[Blockchain Today Reporter Ji-Hye Han] In the past, CEO Bobby Lee’s predictions are quite accurate, making it a hot topic.
Bobby Lee, CEO of Ballet Crypto, a hardware-based physical cryptocurrency wallet, said via Twitter in 2018 that the price of bitcoin has risen from the end of 2020, followed by a sharp rise in 2021, and then at the end of 2021. It has been predicted that it will reach its peak soon. In fact, as he said, bitcoin has risen from December of last year to a record $20,000, and in January it has also exceeded $30,000.
In this regard, he said, “The price of bitcoin in 2018 was less than $10,000. No one talked like me. “When I specifically predicted the story two years later, there was someone who said that I was crazy,” he told Cointelegraph.
In 2018, he saw Bitcoin’s price could go up to $330,000, and he lowered that forecast a bit. “Bitcoin will run at least 4-5 times. It will be between 20 and 200,000 dollars.”
Meanwhile, the recent rise in bitcoin prices was seen as a result of institutional investors including Tesla. And the prospect that the SEC is likely to approve the bitcoin exchange-trading fund also saw the price of bitcoin increase.
CEO Bobby Lee said, “A respected entrepreneur like Elon Musk also needs to participate in cryptocurrency investment. The board of directors of companies listed on the stock market as well as those of private companies can also consider investing in bitcoin.”
He saw that Elon Musk-owned company SpaceX could also join the trend. SpaceX Chief Financial Officer Bret Johnsen also attended MicroStrategy’s recent videoconference on Bitcoin strategy.
In 2018, Bobby Lee predicted the cost of Tesla’s cybertrucks ($39,900). It predicted that the price of bitcoin would plummet in 2022, but predicted that it would drop to $41,000 in January 2023. CEO Bobby Lee also predicted that the market cap of Bitcoin in 2028 will hit gold. To do that, Bitcoin has to jump to $500,000.
“If the price of Bitcoin reaches its peak, it will collapse. The impact of such a plunge in prices will be devastating.”
Meanwhile, CEO Bobby Lee is currently active in Shanghai, CEO of Valet, a cryptocurrency wallet company, and is scheduled to publish a book entitled’The Promise of Bitcoin’. He is the director of the Bitcoin Foundation and the first CEO of China’s first cryptocurrency exchange BTCC (founded in 2011).
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