RATE Group | Bitcoin at $60K Matter of ‘When,’ Not ‘If’ — Says Bobby Lee
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Bitcoin at $60K Matter of ‘When,’ Not ‘If’ — Says Bobby Lee

25 Aug Bitcoin at $60K Matter of ‘When,’ Not ‘If’ — Says Bobby Lee

Posted at 18:14h in Bitcoin News by

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As China beefs up its cryptocurrency ban and US regulators reject more Bitcoin ETFs, famous faces are reaffirming their beliefs that Bitcoin prices could still hit up to $60,000 by 2020.

‘More Stability, Liquidity And Faster Adoption’

In the face of several regulatory setbacks for Bitcoin this week, BTCC co-founder Bobby Lee and Fundstrat Global Advisors’ Tom Lee both went on record in recent days to forecast a turnaround in the fortunes of the largest cryptocurrency.

“When (Bitcoin) passes the USD $60,000 price level in the coming years, it‘ll reach a total circulation value of $1 Trillion,” Bobby Lee wrote on Twitter yesterday, continuing: 

That will be a huge (milestone) for (BTC), and it‘ll lead to more price stability, higher global liquidity, and even faster adoption worldwide.

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