Bitcoin, meanwhile, is experiencing significant volatile shocks, soaring and falling by a few percent in a matter of minutes.

The head of the oldest Chinese cryptocurrency exchange BTCC and the creator of the Ballet cryptocurrency wallet, Bobby Lee, announced a major draw.

In a post on Twitter, Lee wrote that he expects Bitcoin to rise to $ 39,900 next year.

If Bitcoin still manages to fly up to the indicated mark by the end of 2021, Lee promised to give an electric pickup Tesla Cybertruck, which is scheduled for release in 2021.

In order to participate in the draw, you just need to like and repost Lee's ads on Twitter.

Scam draw
However, not everyone accepted Lee's statement for the truth. Some users immediately remembered the failed Tesla car rally from the head of the TRON cryptocurrency project Justin Sun.

In March 2019, San, just like Lee, announced on his Twitter page a Tesla car with a prize pool of $ 20 million.However, at the end of the competition due to technical manipulations, the original winner was not able to get his prize.

Sun later held a second draw and announced that he would give two Tesla to both winners. However, as a result, no one promised Tesla did not receive, but the winners became owners of tickets for the niTROn Summit conference.

However, the likelihood that Bitcoin can recover even to historical highs is more relevant than ever.

Away from volatility
Given the returning bitcoin volatility, the price of an asset is able to re-enter the rally. How useful such price activity will be in the long term for the cryptocurrency market is unknown.

The traditional financial sector is still trying to stay away from high-risk assets.

A major US bank, Goldman Sachs, refused to recommend its customers to invest in bitcoin in the near future.

Earlier, the financial conglomerate even stated that cryptocurrencies are not a class of assets, and, accordingly, cannot be regarded as an investment product.

What do you think? Can Bitcoin skyrocket to $ 40K by 2022?