Charlie Lee: “the bitcoin will reach $20,000 within three years”

The creator of Litecoin Charlie Lee quite often does forecasts of growth of the cryptocurrency market. Now he expressed opinion that the bitcoin will grow to $20 thousand within three years.

Charlie Lee made the forecast on the Reddit portal where one of users asked the founder of Litecoin when the bitcoin rises again: “In your opinion when BTC reaches a point of $20 thousand, or you think what any more will never grow so?”.

“It has to happen in the next three years” — Charlie Lee answered.

Let’s note that at the end of 2017 the creator of Litecoin predicted powerful and long falling of the cryptocurrency market.

“I apologize that I spoil to you mood, but has to reduce a level of enthusiasm a little … To buy LTC it is very risky. I expect the bear market which will last several years, same when LTC fell for 90% (from $48 to $4). If you are not able to sustain if LTC falls up to $20, then do not buy”

— Lee in a tweet wrote on December 11, 2017.

Then he noted that considerable correction of the market will become natural after achievement of huge heights for a short time.

“Everyone pump which I saw, came to the end with a bear cycle. The market needs time for consolidation. It is only my experience, but it goes from observation of the market within more than 6 years. How many the cycle will last, so far it is unclear. But people need to know about such opportunity” — Charlie Lee warned.

Earlier the creator of Litecoin advised the subscribers on Twitter at first to buy at least one bitcoin before investing in other cryptocurrencies, including litecoin.