The popularity of Satoshi Nakamoto’s creation among US banks has grown, confirming that it has conquered Wall Street. Bobby Lee predicted that the price of Bitcoin would exceed USD 100,000 in the fall and then would rise rapidly.

Although Bitcoin is trading at around USD 32,000, it is constantly expanding and developing. The number of companies that offer financial services with the crypto asset is steadily growing.

In recent days, Twitter user DocumentingBTC noted that Bitcoin has become popular with the biggest US banks. Morgan Stanley was the first institution to adopt Bitcoin as the core of some of its financial products.

Other corporations, including Goldman Sachs and JPMorgan, have contributed to Bitcoin conquering Wall Street. Banks have also opened the doors to the pioneering cryptocurrency but not as quickly and confidently as Morgan Stanley.

The Bank of America, among other banking institutions, is adopting Bitcoin less daringly. Although it has been controversial with its criticism of Bitcoin, it allows its clients to speculate on the future performance of the cryptocurrency.

Similarly, Citigroup seems to understand the potential of Bitcoin, but it does not yet offer services related to it. It appears that they will soon join the list of banks adopting the crypto asset.

Despite its current bearish momentum, the pioneering cryptocurrency is so great a phenomenon that no one can stop it. The fact that Bitcoin is within these large companies fully confirms its conquest of Wall Street.

Bobby Lee Predicts the Price of Bitcoin Will Exceed USD 100,000

Bobby Lee, CEO of Crypto Wallet Ballet, predicted that the price of Bitcoin would drop by 50% when it approached USD 70,000. However, he said that it would exceed USD 100,000 in summer or fall and would rise quickly.

Lee considers that it will be possible to start talking about an all-time high when Bitcoin manages to multiply in one to three days. He does not believe that its price has risen fast enough to signal a peak for this cycle.

The executive added that an all-time high does not occur based on FUD (fear, uncertainty, and doubt) and bad news. Likewise, he explained that the peak of the bullish run would coincide with peak euphoria and parabolic price action.

Some Previous Predictions by Bobby Lee

In 2018, Bobby Lee predicted the Bitcoin rally that started in late 2020, took off in early 2021, and peaked in December. Everyone thought that he was crazy to be so specific within two years.

For that reason, he believes that the price of Bitcoin will rise to USD 200,000 or USD 250,000 this year.

Lee’s other long-term predictions include the price of Bitcoin falling in 2022. He believes that will happen before it hits bottom at around USD 41,000 in January 2023.

In March, the CEO of Crypto Wallet Ballet said that Bitcoin could be worth USD 300,000 by the end of 2021. He took into account historical data from previous bullish cycles for that prediction.

The relevance of Bitcoin in the economy and its great potential have led many American financial institutions to adopt it. For that reason, it is possible to say that the pioneering cryptocurrency has conquered Wall Street. Additionally, its ability to recover and exceed its all-time highs has allowed experts to make accurate predictions.

By Willmen Blanco

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