• According to the founder of Ballet Wallet, BTC’s peak is yet to come

  • Bobby Lee, the founder of cryptocurrency wallet Ballet, believes that Bitcoin (BTC/USD) has not yet reached its peak in the crypto space. He expressed his thoughts in an interview earlier today, noting that despite its current losses, the leading cryptocurrency by capitalization is still in a super bull cycle. Lee believes that BTC has been gaining traction and that the coin’s value will peak either late this year or early in 2022.

    Lee stated in the interview that the next BTC rally would be swift, potentially pushing the flagship cryptocurrency to $150,000.00 (£112,626.75) or $200,000.00 (£150,169.00). According to him, a variety of factors could propel BTC to such levels. For example, he believes that a lot of good news will be released, triggering a bull run.

    According to Lee, good news in the crypto space could come in the form of increased adoption or regulatory clarity. He went on to say that the crypto market has grown rapidly and that there are now over 100 million adopters worldwide. He attributed the rise of non-fungible tokens (NFTs) and the decentralized finance (DeFi) space to this growth.

    Lee went on to say that the crypto industry does not receive much attention from the mainstream media, but that the next rally will change that.

    A track record of making accurate predictions

    This news comes after Lee predicted that BTC would begin to rise in December 2020 and continue to rise into 2021. In 2018, he predicted this in a tweet.

    If history repeats perfectly, then the current bear market for #Bitcoin would bottom out at $2,500 next month, in Jan 2019.

    And then the next rally would start in late 2020, peak out in Dec 2021 at $333,000, and then crash back down to $41,000 in Jan 2023.
    Something like that?🙂 https://t.co/M8ljIVnt73— Bobby Lee – Ballet: World’s EASIEST wallet! (@bobbyclee) December 7, 2018

    This prediction came true when BTC reached $20,000.00 (£14,999.00) in December 2020 before skyrocketing to $30,000.00 (£22,498.50) the following month. The bullish momentum continued until BTC reached a high of around $64,000.00 (£47,999.04) in April. While BTC fell after that, it quickly recovered and rallied to its November 10 ATH of $68,789.63 (£51,591.19).

    Notably, Lee predicted that China would implement a blanket ban on cryptocurrency in July, which it did in September.

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