Blockstream CEO Issues Bitcoin Prediction, $500k/BTC Possible After Gold “Flippening”22.82

On Tuesday morning, as Bitcoin (BTC) established a fresh year-to-date low under $4,400 amid a market-wide bout of (possible) capitulation, Bobby Lee, the co-founder of BTCC and the brother of Litecoin’s Charlie Lee, took to Twitter to drop a few ‘knowledge bombs’, as it were.

Likely referencing Bitcoin’s claim-to-fame as the digital equivalent of gold, humanity’s de-facto go-to store of value, Lee explained that all BTC in circulation (market capitalization) is now one-hundredth the value of gold, a purported $8 trillion.

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