Bitcoin Price Predicted to Go to $16,000 "Soon-ish" by Binance CEO Changpeng Zhao

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  • Changpeng Zhao believes that it is easy to make Bitcoin price predictions, adding that the price could soon hit $16,000

Bitcoin Price Predicted to Go to $16,000 "Soon-ish" by Binance CEO Changpeng Zhao

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Making Bitcoin price predictions is an arduous task given how unpredicted this fledgling market is. However, according to charismatic Binance boss Changpeng Zhao, it's "easy" to foresee the coin's price. 

In the tweet, which addresses the dead Asuka prophecy, CZ claims that investors might see the $16,000 mark sooner than they think. 

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$16,000 is still on the table

As reported by U.Today, Bitcoin's price moves in 2019 were correctly predicted by an anonymous 4chan user on a 4chan imageboard. The prediction turned out to be so spot-on that it was even acknowledged by US whistleblower Edward Snowden.

However, whoever made this prescient post failed miserably with the $16,000 target in October given that Bitcoin recorded a monthly close below the $10,000 level. 

That being said, there is still a chance that the prediction will hold but with different slightly different timing, which is what CZ believes.   

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China turnaround

In the second part of his tweet, CZ refers to China embracing crypto. As reported by U.Today, Bitcoin's recent price recovery was accompanied by President Xi Jinping's pro-Blockchain comments.   

The Binance exchange, which is currently based in Malta, is expected to open a new office in Beijing, which comes right after the Blockchain push.     

However, there are some critics of the so-called 'China narrative.' China fretting over cryptocurrency speculations is a surefire sign that is unlike to fall back in love with Bitcoin. The top cryptocurrency got banned in the communist state right on the verge of the historic bull run at the end of 2017.

Will Bitcoin hit 20,000 this year? Share your take in the comments!   

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry β€” from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.