The ending market dip has given room for series of observations and speculations from analyst and crypto experts around the world. The latest year-to-date fall where Bitcoin (BTC) was priced below $4,400 in the early hours of the day has made the brother of Litecoin’s Charlie Lee issue out a stunning comment on twitter that it won’t come to his surprise if the digital currency falls to as low as $3,000 per BTC.

Also the co-founder of BTCC, Bobby Lee said BTC has been down by over 30% from the $6,500 level price it has been maintaining some few weeks back.

We are down >30% from $6,500 levels a few weeks ago. Selling momentum (panic?) has slowed & we’re bottoming out for this round. But I wouldn’t be surprised if $BTC eventually hits $3,000.

Most ppl want to wait, to buy in at cheaper prices, but they would risk missing the bottom? https://t.co/uNTYyvH7Ez — Bobby Lee – Ballet: Simple & Elegant Wallet (@bobbyclee) November 21, 2018

Previously yesterday, the BTCC co-founder stated that Bitcoin’s price which had then fallen by 20% should be a great ground in shaking off those who don’t know why they are still holding a money-losing investment.

Hope this #Bitcoin price correction (already down 20%!) will shake off all remaining weak long positions!

Who are the weak positions? If you’re long on margin or don’t know why you’re still holding a money-losing investment, then that’s you!

Rally comes after you all #capitulate! — Bobby Lee – Ballet: Simple & Elegant Wallet (@bobbyclee) November 19, 2018

Lee believes that investors are waiting for the bottom price of the digital currency before they can hoard massively.

Bobby Lee had earlier inferred that the bear market could last more than 18 months, and this would really be a test of test of time.

This bear market might last another 18+ months, until the next block reward halving. That’s a long time for everyone except true believers. Enough time to scare away all of the weak long positions. Especially those on margin or those on the fence! https://t.co/uNTYyvH7Ez — Bobby Lee – Ballet: Simple & Elegant Wallet (@bobbyclee) November 20, 2018

Bobby Lee Compares Bitcoin’s Value To Gold And How BTC Will Surpass Gold’s Value

While eulogizing Bitcoin (BTC) for its unique, transparent and borderless means of storing value. Lee in a statement disclosed his belief that even though Gold is worth 100 times than Bitcoin today, BTC might later send Gold to exile when it comes to storing value.

In this bear market for #Bitcoin, it's worth reminding everyone that $BTC is still only one-hundredth of the value of #Gold: $80 billion vs $8 trillion.

Gold is worth 100 times more than Bitcoin today!

What will the ratio be in 10-20 years?

Will it flip, with Bitcoin worth more? pic.twitter.com/VIpzIDKfo0 — Bobby Lee – Ballet: Simple & Elegant Wallet (@bobbyclee) November 20, 2018

The CEO of San Francisco and Victoria-based Blockstream consented with Lee’s tweet by issuing out a retweet where he stated that he considers $250k-$500k/BTC in year to come a reality.