The founder and CEO of BTC China (BTCC), Bobby Lee, believes that this year the price of bitcoin will reach $100,000 and $1,000,000 by 2025, but warns of a "bear" market next year.
Li believes that the regulation of the bitcoin industry in China will not be a blow to the asset, but will even bring some benefits.
Given that bitcoin is an open network, Li believes that the new mining regulation in China and any future restrictions will not have a negative impact on the market, because these miners and other cryptocurrency-related economic activities will simply move elsewhere.
