Bitcoin recent spike in price in the last 24 hours is one of the trending topics on Twitter. The leading currency enjoyed an increase of 5% which resulted in its price surpassing the $10,000 mark. Not surprising this development has elicited a positive response from the crypto community.
Bobby Lee CEO of Ballet Crypto and a member of the prestigious Bitcoin foundation waded in with his opinion. In a cheeky tweet to Telsa CEO Elon Musk, Lee predicted that Bitcoin would hit the price of a new Telsa Cyber Truck.
Lee said he’s looking forward to buying the Tesla CyberTruck in the year 2020, adding that by then, one BTC purchasing power would be able to buy a Tesla CyberTruck. The prominent crypto icon who is a brother to Litecoin founder Charlie Lee seems to be comparing Bitcoin price to the price of Tesla CyberTruck which costs roughly $39,900.
Bob Lee, a freedom-of-money fighter, further revealed that if the price of Bitcoin exceeded $39,900 by late 2021 he would gift a free Cyber Truck to one of his followers.
Crypto Community Believes $39,900 BTC Price Possible
Lee also pulled a Twitter poll on whether the price of Bitcoin would exceed $39,900. At the time of writing, about 70% of respondents believe that the coin would surpass the mark.
This suggests that many believe that the expected extended bullish run typically experienced after halving will take place and take Bitcoin price far. However, there are still some analysts that believe that the market could suffer a bit of correction in the coming days. This appears to be bright days for the crypto community with several developments expected in June.
Bitcoin Bullish Trend Much-Awaited Following Halving
Expectations had been rife around Bitcoin price in recent weeks following the highly anticipated halving in May. Bitcoin has similarly signaled the possibility of answering its followers’ prayer by surging past the $10,000 psychological resistance to reach its highest price in the year 2020.
Also, the current unrest in the United States following the killing of George Floyd, coupled with the growing uncertainty of the world’s economy as a result of the Covid-19 pandemic, could assist the leading digital asset and the entire market in thriving.
As we know, Bitcoin is usually used as hedge fund by investors against global uncertainties from which it gets its name digital Gold.