Changpeng Zhao, the CEO of major cryptocurrency exchange Binance, says a price of $16,000 per Bitcoin will happen "Soon-ish," in a tweet sent on Nov. 1.
Zhao explains that price predictions are easy, but getting the timing right is hard.
The message was an answer to the tweet of another user who pointed out that the prediction of an anonymous 4chan user predicting Bitcoin's price would hit $16,000 by the end of October turned out to be wrong.
The given prediction also stated that BTC will hit $29,000 in the first quarter of next year, $56,000 in Q3 2020 and $87,000 in Q4 2020.
At the same time, other predictions are actually less modest.
John McAfee, for example, doubled down recently on his $1M Bitcoin by 2020 prediction, arguing that Bitcoin's next price surge will be triggered by its scarcity.
As Cointelegraph reported, the Bitcoin network mined its 18 millionth BTC last month, which means there are only 3 million BTC not yet in circulation.
Yesterday Zhao claimed that the Binance's blockchain decentralized exchange Binance Chain has the most volume among DEX platforms.
"Already the largest DEX in the world by volume. Will take some time for adoption."
The latest data released by Binance a few weeks ago reveals that Binance Chain, the blockchain powering the DEX platform in question, at the time reached more than 26 million transactions submitted by about 290 thousand addresses.
Bitcoin Price Will See $16,000 'Soon-Ish,' Predicts Binance CEO CZ
pubblicato su Nov 3, 2019
by Cointele | pubblicato su Coinage
Coinage
Menzionato in questo articolo
Notizie recenti
Vedi tutti
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.