Caleb and Brown COO: no need for concern over BTC price drop

Tessa DempsterTessa DempsterAugust 29, 2018
Dont worry about BTC price drop - Caleb and Brown COO


In a challenging week for crypto, Caleb and Brown chief operating officer Jackson Zeng said the recent fall in the price of the world’s largest cryptocurrency is no need for concern.

Bitcoin’s price decline since its January high has left many wondering when it will rise again.

But former CEO and co-founder of BTCC Bobby Lee expects the cryptocurrency to pass the US$60,000 price level within the next few years to reach a total circulation value of US$1 Trillion.

“That will be a huge milestone for bitcoin, and it‘ll lead to more price stability, higher global liquidity, and even faster adoption worldwide,” Lee said in a post on Twitter.

Co-founder of Fundstrat Global Tom Lee has been very vocal in his price prediction and has held firm on bitcoin bouncing back to US$20,000 .

Zeng spoke with Coincast TV reporter Heidi Cuthbert about the direction of bitcoin.

Watch the full episode.

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