Stolen Trezor, Ledger and KeepKey Databases Are a ‘Scam,’ Says SatoshiLabs

22m
cryptonewmedia

S&P 500 Moves Above $3000 Defying Naysayers, Bitcoin and Altcoins to Follow?

43m
coingape

Bitcoin, Gold are Not Rising Because of Major Market Manipulation

1h
bitcoinist

FOMO Risk? THETA Outpacing Bitcoin With 1000% Gains Since March Crash

1h
cryptonewmedia

Chain Reaction - Ian Cassel: A Legendary Investor’s Search For A 100-Bagger

2h
letstalkbitcoin

Number of Countries Seeking IMF Bailout Nears 100

2h
beincrypto

Bitcoin [BTC] Prepares for Volatility with CME Contracts Expiration this Week

2h
coingape

Bitcoin Must Break $9,100 To Avoid A Major Downtrend: Here’s Why

3h
newsbtc

BTC/USD Retraces Higher from 2-Week Lows: Sally Ho's Technical Analysis 26 May 2020 BTC

5h
cryptodaily

Bitcoin Derivatives Data: After 15% Crash, BTC Is on the Verge of Recovering

5h
bitcoinist

Bitcoin Price Hits Two-Week Low, Garnering Interest from Small Investors

5h
cryptocurrencynews

Over 310,000 Bitcoin has Left Exchanges Since “Black Thursday”

5h
newsbtc

Power Ledger Extends Blockchain-Based Energy Trading to Thailand

6h
bitcoinnews

Bitcoin’s Break Below a Key Level has Opened the Gates for a Move to $5,900

7h
bitcoinist

Bitcoin Could Confirm Recent Decline as a “Huge Bear Trap” if It Reclaims $9,200

8h
newsbtc

Khloe Kardashian’s Trashy Behavior Is Co-Signed By Tristan Thompson

8h
cryptonewmedia

Bitcoin Miners Spark Second Capitulation Of 2020. How Long Will It Last?

8h
zycrypto

Persona: Stephen Cole

8h
tokendaily

Meghan Markle & Prince Harry Will Not Find Relief in New York City

8h
cryptonewmedia

Visa Approves New DeFi-Enabled Crypto Card in EU and UK

10h
cryptonewmedia

Swiss Government Supports Blockchain Startups Offering Over $10 Million USD The Top 5 Cryptocurrencies to Mine [2020] Coldplay Bassist Launches Into Cryptocurrency, Backing New App The Coinbase Pump: OmiseGo (OMG) Sees A Massive Surge JPMorgan: Digital Currency Threat To Dollar Domination Coinbase Adopts A Remote-First Approach After Lockdown Lifts Bank Of France Successfully Launches Blockchain-Based Project Supernodes Across Europe Attacked By Cryptojackers To Illicitly Mine Monero Andreessen Horowitz On Crypto Entrepreneurs: “Excited To See What They Build” Elon Musk Confirms He Still Owns “Only 0.25 Bitcoin” Lambo 2020: Stamped In Time With New Collectable

10h
coininsider

Elon Musk & Grimes Are Using Their Son’s Name as a Selfish Art Experiment

10h
cryptonewmedia

Ethereum’s Macro Bear Structure Strengthens as Analysts Eye a Massive Decline

10h
bitcoinist

Spot-Driven Retail Selling Sparked Sunday’s Bloody Bitcoin Selloff

11h
newsbtc

Trader explains where Bitcoin price will go after $9k drop, believes Altcoins are set to moon

11h
zycrypto


Bobby Lee Calls For BTC to Reach All-Time High in 2020

cointelegraph

2mon ago

Crypto exchange founder, Ballet crypto wallet company CEO and founder, and member of the Bitcoin foundation’s board of directors, Bobby Lee, sees soaring prices in Bitcoin’s (BTC) future.

Lee said he expects Bitcoin to hit $10,000 by its block reward halving in May in a statement provided to Cointelegraph. The CEO also forecast a $25,000 price tag for BTC by December 2020.

Lee has projected positive price targets for Bitcoin on a few other occasions. In a tweet last November, the CEO predicted the asset will hit $500,000 by 2028.

With Bitcoin’s halving approximately one month away, much of the crypto space expects higher prices, in line with previous halving outcomes.

Lee referenced previous halvings that were accompanied by upward price action, noting:

“When new supply is cut in half and demand stays the same or increases, a price increase is a certainty. An increase of 25% to 50% by the third halving in May is a very modest expectation.”

The world currently fights the coronavirus and a struggling economy, which also factors into Bitcoin’s price. “I expect a huge surge in demand for cryptocurrency over the next few weeks as Bitcoin’s inflation slows down with the block halving while governments continue to inflate currencies to mitigate the economic impact of the global pandemic,” Lee posited, adding:

“As a greater amount of fiat money chases a limited amount of goods and services, a significant increase in inflation is inevitable, which will cause prudent investors to turn to Bitcoin as a safe haven to preserve their purchasing power.”

The asset’s halving, matched with current worldwide conditions, could see crypto’s pioneer asset blow past its all-time high, according to Lee. “I am convinced bitcoin will exceed its $20,000 peak from late 2017 to reach a new all-time high of $25,000 by the end of 2020.”

Ballet, Lee’s wallet outfit, will conduct several promotions in light of the halving and future BTC prices.

Contrary to the hype around the halving, however, only two data points are available for price comparison. Several experts also hold different price expectations for this halving.

Cointelegraph reached out to Lee for additional comment but received no response as of press time. This article will be updated accordingly should a response come in.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments