BTCC co-founder Bobby Lee returned to the crypto market with the Ballet wallet project and a prediction for the Bitcoin price. In an interview with Yahoo Finance, he said that in the next cycle, BTC could reach $ 200,000.
“We are in one of many, many cycles that will follow. Each cycle will lead us to higher and higher heights. I intend to keep my investment in Bitcoin because I am sure that in the short term we will exceed $ 20,000 and go to $ 50,000, $ 100,000 and even $ 200,000. ”
Lee, however, provided context in his progrnosis calendar, saying it could last anywhere from a few months to a few years.
His opinion on Bitcoin cycles is shared by several analysts. For example, Peter Brandt made a similar statement and hinted that the BTC has entered another period of parabolic growth in the near future.
In the last week, the price of Bitcoin has managed to stay above the $ 10,000 threshold, but has failed to exceed $ 10,500.
Bobby Lee’s new project
The BTCC co-founder has returned to the crypto scene with a new project called Ballet. It aims to build an uncompromising Bitcoin wallet. So far, the start-up has received $ 5 million in funding.
Bobby Lee sold the BTCC exchange in January 2018 to a Hong Kong investment company. No details were provided regarding the value of the transaction, but it is estimated that this amounted to several hundred million dollars.
After selling the platform, Lee took a break from the crypto market to travel around the world and spend time with his family.
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