27 Feb '17, 9am

BTCC's Bobby Lee: Bitcoin Price to be Between $5000 and $11000 By 2020 - CoinTelegraph

BTCC CEO Bobby Lee has forecast Bitcoin being worth between $5000 and $11,000 by 2020 after the block reward halving. In a tweet on Sunday, Lee, who has made regular predictions, stated that the daily inflow of cash into Bitcoin would also scale accordingly from the current levels of $2 mln per day to up to $10 mln. #Bitcoin price target in 2020; after block halving: USD $5k-$11k Assuming $5-$10 million daily flow into #BTC by then. (Today: $2m daily in) — Bobby Lee (@bobbyclee) February 26, 2017 Lee added that for the “medium-term” he expects a price equal to the number of his followers - $5,600 - but did not stipulate what length of time that might refer to. His upbeat tone comes amid continued frenzied trading in China, despite the country’s Bitcoin exchanges only semi-operating due to regulatory concerns. Lee’s BTCC announced on Feb. 15 that it would continue to suspen...

Full article: https://cointelegraph.com/news/btccs-bobby-lee-bitcoin-pr...

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