Bobby Lee: Bitcoin Will Eventually Reach $1,000,000
Recent interview with Bobby Lee where he discusses the upcoming halving, Schiff, Bitcoin SV, and crypto’s potential in Turkey, among other things
“Lots of experts suggest that in 2020 Bitcoin can break a new record. We have an incoming Bitcoin block reward halving upon us and this can affect the price. What is your price prediction in both the short and long term? Do you think the main reason behind BTC’s bull rally will be the block reward halving?
Bobby Lee: I think the block reward halving is one of the factors that will drive Bitcoin to a new all-time high price. If the demand for newly-mined bitcoins remains constant but the supply is cut in half, the price will inevitably increase.
Also, the halving event will generate a lot of attention and hype in the mainstream financial media, which will dramatically increase demand.
I have previously said that I believe the price will exceed $100,000 within the next two years, and I stand by that prediction. Eventually, I believe the price will reach $1,000,000 and beyond. It is the greatest investment opportunity of our lifetime.”