Recently, crypto entrepreneur Bobby Lee, who is the brother of Litecoin creator Charlie Lee, shared his latest thoughts on Bitcoin.
“[Bitcoin] has crashed down to below $16,000. Previously, I’ve said that it will probably go to $15,000. Given the magnitude of the FTX blow-up, it could go down to $13,000 or even touch $10,000. That’s going to be a very, very drastic crash. There has to be more bad news to come out…
“As we know in the market, in the last week or so, we’re looking at the troubles of Genesis, one of the prime brokers in the crypto market. So if something bad happens with that or if something bad happens with the USDT stablecoin, then could see much worse prices coming up in a few weeks.”
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