Bobby Lee has hinted at the possibility of Bitcoin price hitting $1 million in five to ten years after ‘two more bubbles.’ Lee, who is the founder of the Ballet crypto wallet and a former CEO of China’s longest-running crypto exchange BTCC, spoke during an interview at the just concluded Malta AIBC.
During the event, Lee also launched his new company, Ballet, which has developed a new hardware wallet for Bitcoin and crypto investors worldwide. In his speech, Lee disclosed that the desire to bring crypto closer to what people are already familiar with is what inspired him to launch the Ballet wallet, which is a physical and non-electronic device.
Removing the Obstacles
Lee believes that cryptocurrencies in their digital form might impede the global adoption and utilization of the same. The hardware wallet allows everyone in the world to safely store his or her coins. The primary coin for the wallet is Bitcoin but it supports various altcoins as well, including XRP, ETH, DOGE, and others.
Interestingly, the wallet comes with a distinctive smell, which serves an anti-counterfeit purpose in addition to motivating all the five senses.
Two More Bubbles for BTC Price to Hike
Lee expressed optimism about the future of Bitcoin’s price. The famous and vocal supporter is also a self-proclaimed Bitcoin maximalist. He believes that BTC price, as it is currently, is just a fraction of the value it can achieve. With this in mind, Lee believes that Bitcoin, which he calls a trillion-dollar asset class, will move further up in years to come.
According to Lee’s explanation, the price of Bitcoin moves in waves. Each wave is a bubble and takes the coin’s price further up. The Bitcoin enthusiast believes that several new waves are bound to arise in the next several years, which will take the BTC price to the $100,000-$200,000 range. Eventually, the price will hit even $1 million. Lee claims that with each new bubble, the BTC price increases 10-20 times compared to the previous price. He expects this trend to continue, which is why he supports and advises investing in BTC. Lee’s physical wallet is designed for long-term investments.
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