BTCC CEO Lee Pegs Bitcoin Price Between $5,000 and $11,000 by 2020

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Bobby Lee, BTCC’s co-founder and CEO recently tweeted a bitcoin price prediction, which is between $5,000 and $11,000 by 2020, after the block reward halving. The entrepreneur, who regularly makes predictions, also stated the daily inflow would scale accordingly – from the current $2 million a day level, up to $5-$10 million a day. #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 // Get exclusive analysis of bitcoin and learn from our tutorials. Join Hacked.com for just $39 now. // Bobby Lee also reminded his 5,600 Twitter followers his “medium-term” price target for bitcoin is of, well, $5,600. There was, however, no mention of how long it will take bitcoin to reach that value. Later on, Lee also said that a $5-$10 million daily inflow isn’t a lot. He compared it to gold’s inflow of $340 million a day. The CEO’s enthusiastic bitcoin price prediction comes after BTCC, one of China’s biggest bitcoin exchanges,suspended bitcoin and litecoin withdrawals until March 15, in order to introduce new security requirements and comply with requests from the People’s Bank of China …