Saying that the interest in crypto money has increased throughout the year, Lee believes that it is extremely possible for BTC to break the record again either at the end of the year or at the beginning of 2022. Lee's prediction is that we will see the new record level in December:
Even after Bitcoin (BTC) fell sharply from its all-time high of $69,000 earlier this month, Bobby Lee, who sold BTC China, once the world's second-largest cryptocurrency exchange, after increased audits in 2017. he thinks he still has a long way to go before he reaches a peak in the loop. Lee's prediction is that we will see the new record level in December.
In an interview with CNBC recently, Lee stated that he expects Bitcoin to go up in the next few months.
“We know we are in a super bull cycle for the crypto market for bitcoin. And we haven't seen it grow stronger yet. We haven't seen the top yet. So there has been a surge of interest throughout the year. Earlier this year we saw a mini-peak of $65,000 in April. I think we have a good chance of reaching the top, either by the end of this year or maybe early next year. We will see a rally approaching. And once we reach the top, it will go very fast and easily exceed $150,000 to $200,000.”
When asked what could have nearly tripled Bitcoin so quickly, Lee said he believes the general public will consider the crypto space heavily when prices soar to new highs.
“The catalyst is usually a lot of good news. There is a lot of good news that could come out in terms of regulatory stuff or adoption. There is a huge crypto market right now. More than a hundred million people in the world own Bitcoin, own cryptocurrency. This is not the traditional financial system, so it is not well covered in the mainstream media. But the truth is that with the advent of NFTs, DeFi decentralized applications and decentralized exchanges (DEXs), many people around the world are trading. Crypto has gained momentum over the past few years. So when we see a peak, everyone will be talking about crypto. And we haven't seen that yet. But I believe we are at the beginning of this bull market cycle.”