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Know what the brother of the Litecoin creator says?

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  • Newly, crypto businessman Bobby Lee, the brother of Litecoin developer Charlie Lee, shared his views on Bitcoin. 

As per the report by a reliable media source, at the time of the interview with Rishaad Salamat and David Ingles on “Bloomberg Markets: Asia” on 21 November 2022, Lee had stated about Bitcoin:

“Bitcoin is now below $16,000. Before this, I stated that it will likely touch $15,000. Given the extent of the FTC blow-up, it can touch $13,000 or even go down to $10,000. That is going to be a very, very extreme collapse. There is worse news to come out…

“We are focusing on the problems of Genesis, one of the main brokers in the crypto market. So, if anything worse happens with that or with USDT stablecoin, then could witness even bad prices in the near future.” 

What did Willy Woo say?

On 30th November, the most prominent on-chain expert Willy Woo kept his viewpoint on Bitcoin at the time when he gave an interview with Scott Melker. 

As per Woo, “It is that time in the cycle actually that the cumulation does come in. People purchase and they confuse the price, and the volatility falls. And we witnessed that in 2018 low and 2015 low. We even also witnessed it in the 2012 low. So, yeah, definitely, people keeping the price up as they want Bitcoin…

“What was actually fascinating with the collapse of BlockFi, was as we witnessed a kind of back off. It went low sooner. I believe that was inside sellers, knowing that the publicization will happen. It went low $500 or something similar to that and it got swiftly absorbed. And then now we are breaking to the upside. So, I believe we have got many buyers at this value…

“Definitely, the indicators I have represent when you see many coins are in motion and the value going sideways that is a pure indication of cumulation. So, that is been occurring. I am keeping an eye on it. That is the thing why it is moving sideways…

“$12,000 will not shock me. $10,000, I believe everyone needs and thus it normally doesn’t happen what everyone needs. So, $12,000 will not shock me, $12,000 or $13,000. Either it will flee from here or it may go down even further. These are very broad-stroked signs. But, it is possibly not the worse time to dollar-cost in.”

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