It is time to buy BTC according to the Chinese giants of Bitcoin
Crypto Mining Pool Poolin co-founder Zhu Fa said the value of Bitcoin would be 5 million yuan in the future ($740,000). In the short term, he believes this figure will reach at least $74,000. Other Chinese Bitcoin giants also claim that this is the right time to buy cryptocurrency.
According to local information source 8BTC, Fa said he believed that the last race in the crypto money industry would be 10 to 20 times higher than the previous run. Fa explained these remarks on the WeChat messaging platform, commenting on Chinese billionaire Zhao Dong’s predictions.
Zhao Dong, who has a significant share in the popular cryptocurrency exchange, Bitfinex, commented that no one was interested in Bitcoin at the end of 2017. According to Dong, the monetary crypto ecosystem will again attract attention when the price of Bitcoin reaches “tens of thousands of dollars”. With this logic, it is now the best time to buy cheap crypto, the so-called crypto winter, which will end in the coming months.
The Bitcoin billionaire suggested that some companies will disappear in the coming months and others will emerge during the “crypto spring” in 2020.
Chinese crypto enthusiasts are not the only ones optimistic about the future of Bitcoin. Mike Novogratz, founder and CEO of Crypto Fund Galaxy Digital, recently announced why he thinks this year will be important for Bitcoin. Owners of the Gemini foreign exchange market, Cameron and Tyler Winklevoss, also reported growth potential of 30 to 40 times higher than in February last year.