Bobby Lee: Bitcoin will eventually reach $ 1 million

Former BTCC and Bitcoin China co-founder and CEO Bobby Lee said in an interview with BeInCrypot that Bitcoin will reach $ 100,000 in two years and eventually reach $ 1 million.

Regarding whether bitcoin can be regarded as a "safe-haven asset", Li Qiyuan said, "I have been investing in gold for a long time since the creation of Bitcoin. Gold has been a safe-haven asset for hundreds of years, and I believe it will Continue to do so. Bitcoin has several of the same properties as gold, which also makes it useful as a safe-haven asset. But the biggest difference is that gold has been used for thousands of years, and Bitcoin is only 11 years old. "

He said that Bitcoin is superior to gold in many ways, but it needs more time to win public trust. Today, very few people understand why Bitcoin is an excellent hedge against geopolitical, social, and destructive government economic policies. Opinion polls show that the younger generation already prefers Bitcoin as an investment over gold, stocks or real estate. However, the older generation owns most of the wealth in our society, which will require more time for them to understand.

Regarding the upcoming halving of Bitcoin block rewards, Li Qiyuan said, "I think that the halving of block rewards is one of the factors that push the price of bitcoin to a record high. If the demand for bitcoin remains the same, but the supply will decrease Half, its price will inevitably rise. "

He also said that the halving of Bitcoin's block reward will also attract a lot of attention and hype in the mainstream financial media, which will greatly increase the demand for Bitcoin. He emphasized that the price of Bitcoin will exceed $ 100,000 in the next two years and eventually reach $ 1 million or more. This will be the biggest investment opportunity in a lifetime.

Image source: Pixabay

Author Xiu MU

This article is from bitpush.news. Please reprint the source.