1118: CRYPTO VETERAN BOBBY LEE REVEALS HIS BITCOIN BOTTOM AND PEAK BTC CYCLE PREDICTION!!
Manage episode 348366738 series 2835096
Crypto industry veteran and early Bitcoin OG Bobby Lee says that bad actors ignorant of regulation have to be expunged from the market.
In a new interview with Bloomberg Markets Asia on Yahoo Finance, Lee, co-founder of Hong Kong-based crypto exchange BTCC, reveals what price he expects Bitcoin (BTC) to bottom out at the end of the bear market.
“[Bitcoin] has crashed down to below $16,000. Previously, I’ve said that it will probably go to $15,000. Given the magnitude of the FTX blow-up, it could go down to $13,000 or even touch $10,000. That’s going to be a very, very drastic crash. There has to be more bad news to come out."
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