BTCC CEO Bobby Lee {has|has actually} {forecast|anticipated} Bitcoin {being worth|deserving} {between|in between} $5000 {and|as well as|and also} $11,000 by 2020 after the block {reward|benefit|incentive} halving.

1. BTCC’s Bobby Lee: Bitcoin Price to be Between $5,000 and
$11,000 By 2020
teamsteverhyner.com/btccs-bobby-lee-bitcoin-price-to-be-between-5000-and-11000-by-2020/
BTCC CEO Bobby Lee has forecast Bitcoin being worth between $5000 and $11,000 by 2020 after the block reward
halving.
In a tweet on Sunday, Lee, who has made regular predictions, stated that the daily inflow of cash into Bitcoin would
also scale accordingly from the current levels of $2 mln per day to up to $10 mln.
Lee added that for the “medium-term” he expects a price equal to the
number of his followers – $5,600 – but did not stipulate what length of time
that might refer to.
His upbeat tone comes amid continued frenzied trading in China, despite
the country’s Bitcoin exchanges only semi-operating due to regulatory
concerns.
Lee’s BTCC announced on Feb. 15 that it would continue to suspend BTC
withdrawals “until March 15,” whereupon it would have introduced new
security requirements in line with requests from the People’s Bank of
China.
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2. Traders have thus turned en masse to peer-to-peer marketplace LocalBitcoins, with the platform recording two
consecutive record weeks. In the seven days ending Feb. 25, over 50 mln yuan went through its books, up from 36
mln the week before.
Re-posted from www.cointelegraph.com by William Suberg February 27, 2017
These predictions may seem outrageous but when you consider supply and demand and the desire of
people all over the world to escape inflation created by central banks incessant printing of currency then
these lofty levels do seem possible if not probable. Learn more about mining Bitcoin by clicking here.
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3. Steven L. Rhyner
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