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sher999
2021-03-22

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Bitcoin could surge to $300,000 — but winter could last for years when the bubble bursts, says crypto entrepreneur

KEY POINTS Bitcoin is currently in a bull market and could surge to as high as $300,000 based on hi

Bitcoin could surge to $300,000 — but winter could last for years when the bubble bursts, says crypto entrepreneur

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He clarified that he was not sure if history would repeat itself.\nBitcoin has had a blockbuster 2021 so far, with the cryptocurrency breaking multiple record levels this year,and surpassing the $60,000 mark earlier in March. It last traded at $57,660.24, according to data from Coin Metrics.\nStill, a “bitcoin winter” that could last for years may hit the crypto currency following its bull run, warns Lee.\n“It could go down by quite a bit and that’s when the bubble bursts,” he said. “In the bitcoin crypto industry, we call it ‘bitcoin winter’ and it can last from two to three years.”\nInvestors should be aware that bitcoin’s value could fall as much as 80% to 90% of its value from the all-time peak, the entrepreneur said.\n“Bitcoin is very volatile, but the rewards are risk-adjusted, I think,” Lee said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":738,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":39,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}

Bitcoin could surge to $300,000 — but winter could last for years when the bubble bursts, says crypto entrepreneur

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