Bobby lee predicts Bitcoin price to reach $1 Million in a Decade

[S.coastapps]

Bitcoin market cap is $160 billion whereas gold standing unbending at $ 8 trillion marketcap, in spite of a huge separation in the worth level, Lee feels that by 2028 the game would totally switch and BTC will supplant gold in each perspective.

he says

“I predict the flippening will happen within 9 years and $ BTC will shoot up past USD $500,000 “


Lee feels that the constrained market supply and a fixed number will be the key patron having a noteworthy influence to support up BTC value in 10 years. He guarantees that the BTC cost will be significantly increased in only 10 years. Not at all like gold which can be drawn through mines, the unequivocal number of BTC will make it more rare and significant than gold.

Source: TheCoinRepublic

[WhiskeyHoney]

Haha, would be great! doesn't look very credible though

[mlawson71]

I wonder what he thinks about the reveal that the big rally to $20,000 was caused by a single whale.

[alltalk]

What formula does he use for this? $1 Million is still far away from the current price, I don't say it is impossible but it seems a bit unreasonable for now. Anyway, just hope that Bitcoin can survive longer and can really be adopted by most countries in the world. For now, I have no idea to predict how much the price in the next 9 years.

[Alcor]

I don’t think that bitcoin will ever even be able to approach one million dollars in value. Any cryptocurrency cannot rise so high in price. This contradicts all the laws of our economic development. So what is bitcoin limited in supply? In the world there are a lot of objects and phenomena, which are limited in their quantity. Moreover, now a lot of cryptocurrencies have appeared on the cryptocurrency market that have significantly surpassed bitcoin. And how many people are there who, for example, will buy bitcoin for half a million dollars during its growth, risking that it can again fall in price to several thousand dollars?

[Fenix]

Bobby Lee has always been very optimistic about the price of cryptocurrency. I personally do not think that bitcoin will ever be able to reach a price of one million dollars. Talking about it has no economic justification. In our world, a lot of things have a limited amount, but this does not make them insanely expensive in price.

[Confero]

It's not wrong he predicted the price of Bitcoin will reach $ 1 million in this decade, and we also have our own predictions about the price of this Bitcoin.  Of course, every prediction of the price of Bitcoin must have a good reason, so that what we say can make sense and be accepted by many people.  If it were true that the price of Bitcoin could rise to $ 1 million, this would make people who don't believe in bitcoin gape, and turn Bitcoin holders into a tycoon.

[Noverteno]

No, this will not happen in ten or twenty years. I very much doubt that Bitcoin will ever be able to reach the price of half a million or one million dollars. No cryptocurrency can ever have such a high value. This will not only contradict all economic laws, investment in cryptocurrency at its high price, given its unpredictable volatility, is not just risky, but simply adventurous. I do not think that there are many investors who will buy bitcoin even for half a million dollars, risking in a few days to see its price of ten thousand dollars.

[shadowdio]

It could happen in the 9 or 10 years because bitcoin has limited supply so there is possibility that bitcoin could reach $1 million price.. When I was newbie in the crypto world, I remember the price of bitcoin was around $800.. I didn't expect it could reach $20,000 in just 1 year so why not in the future reaching $1 million.

[Andruha1993]

I really like his optimism and I would like the price for Bitcoin myself. But it seems to me that this will not happen. I think the maximum price of Bitcoin will be $ 100,000. And it really will not happen soon.

[Senin]

I think that from a purely practical point of view, the price of bitcoin will not be able to rise to a million dollars. Firstly, in order to rise to a million, Bitcoin needs to grow and fall before it very many times, gradually approaching a million. We already saw what happened to the market when, in December 2017, bitcoin grew in price to $ 20,000. After that, the price of bitcoin fell to $ 6,000 and the market was stagnant for almost two years. Altcoins still can not recover. This is on the one hand.
On the other hand, an increase in the price of bitcoin will inevitably lead to an increase in the offer for its sale and, according to the laws of the market, the price should fall. Probably few will risk it and not sell their bitcoins if it grows to half a million and we will know that at any minute it may fall about ten times.

[Niteroy]

For a long time, many analysts predicted a rise in the price of Bitcoin to several hundred thousand dollars, but judging by how slowly its price rises, now there is a risk that it can never rise even above $50,000. Unfortunately, it is impossible to predict its future price, but given that the crypto industry is developing and the number of users of cryptocurrencies is growing, I think it is quite possible that the price of Bitcoin will increase and in the future will rise to $500,000.

[mlawson71]

Why do you think it will rally that high?

[Fenix]

Many thought that Bitcoin would rise in price by the end of the outgoing year, but this did not happen. It is even slowly losing value in this last month. What should happen in order for Bitcoin to so quickly grow in price and rise to such heights? No, bitcoin will not rise in price even above $ 50,000. I see no objective reason for this.

[Coin63@]

Impossible,, I don't believe bitcoin will across over million or even 50k. Many people predict what they think. But bitcoin price dumping always instead of pumping from 2018and 2019 whole time.