{"id":39336,"date":"2021-03-22T14:31:19","date_gmt":"2021-03-22T12:31:19","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=39336"},"modified":"2025-08-30T09:03:59","modified_gmt":"2025-08-30T06:03:59","slug":"bobby-lee-predicts-long-term-decline-in-bitcoin-after-reaching-300000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bobby-lee-predicts-long-term-decline-in-bitcoin-after-reaching-300000\/","title":{"rendered":"Bobby Lee predicts long-term decline in Bitcoin after reaching $300,000"},"content":{"rendered":"

Bitcoin’s price could rise to $300,000, after which the rally would give way to a long-term decline in the coin’s price. This was stated<\/a> by Bobby Lee, co-founder and former CEO of the BTCC cryptocurrency exchange.<\/p>\n

In his view, historical data on the price dynamics of the first cryptocurrency point to the potential for a bull market. Bobby Lee did not rule out that Bitcoin could reach $100,000 as early as this summer.<\/p>\n

\n

\u201cBitcoin’s bull market cycles occur every four years, and the current cycle is a big one. I think Bitcoin could really rise to $100,000 this summer,\u201d he noted.<\/p>\n<\/blockquote>\n

However, after reaching the all-time high of $300,000, even a small price decline would burst the bubble. Lee suggested that Bitcoin’s winter could last two to three years.<\/span><\/p>\n

\n

\u201cInvestors should be prepared for Bitcoin’s price to fall by 80\u201390% from its historical peak,\u201d the entrepreneur added.<\/p>\n<\/blockquote>\n

Earlier, former broker Jordan Belfort, whose likeness was used as the basis for the main character in the film The Wolf of Wall Street, forecast a rise in Bitcoin’s price to $100,000<\/a> in the near future.<\/p>\n

Subscribe to ForkLog news on Telegram: ForkLog Feed<\/a> \u2014 the entire stream of news, ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin’s price could rise to $300,000, after which the rally would give way to a long-term decline in the coin’s price. He said this in an interview with CNBC by Bobby Lee, co-founder and former CEO of BTCC.<\/p>\n","protected":false},"author":1,"featured_media":39337,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,743,1138],"class_list":["post-39336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-bobby-lee","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/39336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=39336"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/39336\/revisions"}],"predecessor-version":[{"id":39338,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/39336\/revisions\/39338"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/39337"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=39336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=39336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=39336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}