Bitcoin could soar as high as $300,000 in the current bull market based on its historical patterns, according to Bobby Lee, co-founder and former CEO of crypto exchange BTCC.

However, he warned that the bubble will burst after peaking and the cryptocurrency could see declines for years.

“Bitcoin bull market cycles come every four years and this is a big one,” said Lee, who is currently the chief executive of crypto wallet Ballet. “I think it could really go up to over $100,000 this summer.”

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