Bobby Lee Says, "Let's Make Bitcoin Great Again"

tysler(72)

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Big, firm believer of Bitcoin, Bobby Lee, unfazed by recent bear market for cryptocurrencies

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Credit: Steemit - tysler

Bobby Lee, co-founder of BTCC, spoke at Blockshow Asia 2018 held at the Marina Bay Sands Ballroom, Singapore on 29th November 2018 about the impact of Bitcoin's appearance in our society today.

Lee spoke about how fiat currencies today have lost most of its value over the decades, particularly the US Dollar, which has lost 90 percent of its value due to inflation. In light of Bitcoin's limited supply of 21 million coins, we are looking at financial freedom and a truly digital asset.

Also discussed earlier on my Steemit post, https://steemit.com/bitcoin/@tysler/bitcoin-s-inflation-rate-will-drop-below-2-percent
Bitcoin's inflation rate will drop below 2 percent by 2020, and through the course of time, reveal its true value as compared to fiat currencies.

Even though overcoming tremendous hurdles in the past decade, Bitcoin continues to gain approval of the government. Albeit struggles with strict regulations in China and Bolivia, Lee has noticed that the suppression of Bitcoin is real.

Bitcoin has proven to be successful in countries with unstable national fiat currencies. However the people with limited access to high-speed internet also do not have access to Bitcoin.

Lee is unfazed by the current bear market for Bitcoin, while prices have dipped drastically below $3,700 over the past week. He would not be surprised if Bitcoin hits below $3,000 as he tweeted:

We are down >30% from $6,500 levels a few weeks ago. Selling momentum (panic?) has slowed & we’re bottoming out for this round. But I wouldn’t be surprised if $BTC eventually hits $3,000.
Most ppl want to wait, to buy in at cheaper prices, but they would risk missing the bottom?
Source: Twitter

Importantly, we should make informed decisions as HODLers as opposed to the average retail investor who follows trends blindly. Lee also pointed out that HODL should continue until 20x or 100x return.