Bitcoin Jumps Back Above $9,000 As Bobby Lee Forecasts “Flippening” Of Gold By 2028
Crytpos have taken a leg higher in recent hours, led by a jump in Litecoin…
With Bitcoin erasing Friday’s plunge, back above $9,000…
But, as CoinTelegraph’s William Suberg reports, Bitcoin is set to go much higher as well-known industry figure Bobby Lee expects it to surpass the market cap of gold and could ultimately be worth $1 million.
image courtesy of CoinTelegraph
In a series of tweets on Nov. 10, Lee, who co-founded Chinese cryptocurrency exchange BTCC and now runs a Bitcoin wallet startup, became the latest voice in the expanding debate on Bitcoin versus gold.
Lee: BTC market cap to hit $8 trillion
Gold’s market cap is $8 trillion, while Bitcoin’s is just $160 billion. While around fifty times lower at present, Lee thinks a reversal could come as soon as 2028.