- Ballet CEO thinks Bitcoin can go up to 200-250k USD
- Institutional money coming into Bitcoin may be the reason for this
- This price increase may happen at the end of 2022
Bobby Lee, crypto expert and CEO of Ballet, said that Bitcoin can go up to $200k this year. In one of his tweets, the Ballet CEO mentioned that the next BTC rally would start in the latter parts of 2020 and then take off in early 2021.
In the bull run that began last year, BTC price went up to $20k and $30k, creating new records for price all-time highs.
According to Lee, people were skeptical about his predictions before. “People who weren’t drinking the Kool-Aid were thinking I was crazy to even make a prediction two years out that’s so specific,” he said.
However, his predictions don’t look like it’s impossible due to the current market situation.
Recently, mainstream companies bought a lot of Bitcoins. Tesla bought $1.5 billion dollars worth of Bitcoin, while Microstrategy bought $600 million worth of BTC.
With the current market conditions, Lee predicted that it will still go up. “I think it’ll go up at least another 4-5 times, so it’ll hit $200,000-$250,000 this year,” he said.