Bitcoin price: CEO says cryptocurrency WILL surge in next 2 years as coin supply PLUMMETS

Thursday, January 4, 2018
By Paul Martin

BITCOIN price is expected to rise for the next two and half years as the supply of the cryptocurrency will decrease substantially, according to CEO of BTCC Bobby Lee.

Thu, Jan 4, 2018

Bitcoin price will see a continuous surge for the next couple of years as the supply of the virtual coin continues to get smaller and smaller.

CEO and co-founder of cryptocurrency exchange company BTCC, Bobby Lee, told CNBC he is confident the cryptocurrency will go up in value as demand grows.

Mr Lee said: “We just had a monster of a year in 2017, I think the price went up close to 20 times.

“What we do see is that things like this happen, this massive growth of bitcoin happens every three or four years. Most recently before that, it was 2013.

“Every four years bitcoin the block reward goes down by half, we think there is a natural impetus for that to be more restriction and less supply.

“With less supply, the price seems to go up, especially with more investment in this area.”

Mr Lee added: “Today we’re at only 1,800 of newly mined bitcoin of every day. That used to be 7,200 as recently as five years ago.

“So in just a few short, maybe two and a half more years, we’ll see the supply go down again to only 900 bitcoins a day.

“So if you talk about multi-million dollars of inflow with an only new supply of 900 bitcoins a day, you can imagine where prices could be at in three, five, or 10 years.”

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter