Bitcoin price to hit $1,000,000 mark: Bobby Lee

Bitcoin price has a trend of its own that defies many predictions every now and then. Bobby Lee the former CEO and co-founder of BTCC believe that Bitcoin is about to have a bright future.

He stated that in upcoming years the leading currency Bitcoin price is likely to reach the elusive mark of million-dollar. He gave an insight into the future of Bitcoin at the Malta AIBC summit.

Bitcoin price to smashing $1,000,000 mark?

The Bitcoin price prediction of $1,000,000 seems a bit absurd especially when the current price of Bitcoin is below $9000, but Lee believes otherwise. According to Lee, it is very likely that for Bitcoin (BTC) to hit the mark of $ 1,000, 000 and terming the leading coin as ‘Trillion-Dollar Asset’. As for the present prices, Lee is of the view that Bitcoin’s worth will only be realized in upcoming years.

Lee stated that the price movement of Bitcoin is in the form of waves which are the bubbles that tend to push Bitcoin’s price to the new highs. With every new bubble, the price of Bitcoin rises to tenfold. Lee is expecting new waves in upcoming years that are going to drive the Bitcoin price to six-figures and would eventually be crossing the one million dollar mark.

This optimism regarding the future of Bitcoin has motivated Lee to lead a startup company that builds hardware wallets for securing the cryptocurrencies such as Ripple (XRP), Ethereum, Litecoin (LTC), Dogecoin (DOGE) and Binance Coin (BNB).

Lastly, it’s difficult to believe Lee’s predictions, however; wherever the leading currency is headed, it is going to make it a thrilling journey.

Featured Image by Pixnio.com.