Bitcoin is long overdue for a “FOMO rally” to new all-time highs that could touch $200,000 or more, say one of its oldest investors.
In an interview with Bloomberg on Sept. 29, Bobby Lee, former CEO of exchange BTCC, cast aside any suggestion that the price of Bitcoin was in trouble.
One of an increasing number of sources staying bullish on Bitcoin for Q4, Lee — who went on to found wallet manufacturer Ballet — dismissed recent price weakness.
“It was only a 5% drop,” he said when asked about the recent dip to test the $40,000 support level.
Despite hovering near $42,000 at the time of writing, Bitcoin can not only reclaim its existing all-time highs but go on to hit $100,000, $200,000 or even more.