Bobby Lee, CEO of Ballet, on ETF Predictions Coming True, BTC Hitting $5 Million, and Bitcoin Ownership | Ep. 355
Cryptonews Podcast host Matt Zahab sat down for an exclusive interview with Bobby Lee, the Founder and CEO of Ballet, the cryptocurrency company behind the REAL Series Cold Storage.
Lee discussed the ETF-related predictions made in his book coming true, and recommends that people not wait to acquire Bitcoin as the price will only rise with corporations and governments adding the coin to their sheets.
Additionally, the CEO explained why the Ballet wallet is suitable for newcomers of all ages.
Lee’s book ‘The Promise of Bitcoin’ was published in 2021. It contains several predictions by its author, including one related to exchange-traded funds (ETFs).
“My prediction came true pretty much to the dot,” Lee said. “I predicted that ETFs would be launched within three years.”
The US approving spot BTC ETFs was a watershed moment in the coin’s history. It followed years of illogical and nonsensical resistance against a Bitcoin ETF.
“It was crazy. By law, by regulation, there was no reason it couldn’t be approved,” Lee said. “There’s ETFs for everything.”
$BTC was $8,618 on the day of the last #BitcoinHalving.
— Michael Saylor⚡️ (@saylor) April 19, 2024
Another related and notable factor is that the US is generally a leader in the global market.
Hong Kong already approved a few ETFs, and “there’ll be others around the world.”
On the other hand, Bitcoin is not the only one – Ethereum ETFs followed. Other digital assets will likely join them.
“And this is how Bitcoin grows up,” Lee remarked. “Bitcoin turned fifteen, and that’s when [it] got its ETF. So I guess you need a few years under your belt.”
The best way to understand why Bitcoin is valuable, Lee argues, is to understand why gold is valuable. The two are similar in many ways: scarce,
