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Bitcoin Price is Headed to $25,000 Despite Recent Setbacks: Researcher on CNBC

• https://cointelegraph.com, By Joshua Althauser

He said it in his recent interview with CNBC's Fast Money program.

Bitcoin suffers
Although Bitcoin has suffered from recent negative news from countries like China such as banning of ICOs and planning to shut down the Bitcoin exchanges by the end of the month, Lee thinks there are still advantages to the situation.

According to Lee, there are two factors in the issue - liquidity effect and perspective of the people. According to him, Chinese exchanges operate with 30 percent of Bitcoin value. If they decide to shut down the digital currency, obviously there is gonna be force selling.

It's safe to point out that there have been seven times already that the crypto world has seen a setback of this magnitude.

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