Bitcoin is long overdue for a “FOMO rally” to new all-time highs that could touch $200,000 or more, say one of its oldest investors.
Lee: Bitcoin has been due for next rally “for a long time”
One of an increasing number of sources staying bullish on Bitcoin for Q4, Lee — who went on to found wallet manufacturer Ballet — dismissed recent price weakness.
“It was only a 5% drop,” he said when asked about the recent dip to test the $40,000 support level.
Despite hovering near $42,000 at the time of writing, Bitcoin can not only reclaim its existing all-time highs but go on to hit $100,000, $200,000 or even more.
This, Lee suggested, should come — or at least begin — before 2021 is out.
“I think you’ll easily go over $100,000, and then depending on how