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

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Fri, 11/01/2019 - 14:19
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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

Cover image via www.youtube.com

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Contents

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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Bitcoin Price Could Drop to $2,000 or Even to $200, According to Peter Schiff - READ MORE

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 — 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.

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Wed, 04/01/2020 - 07:13
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  • Mike Novogratz is convinced that when central banks make money grow on trees, then it's time to buy Bitcoin

Cover image via www.bloomberg.com
Contents

When central banks make money grow on trees, Mike Novogratz, the CEO of Galaxy Digital, has one message for his followers - buy Bitcoin (BTC). 

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Yes, money does grow on trees   

'Money doesn't grow on trees' is a popular expression that parents constantly hammer into the heads of their children. It means that money is a limited resource and encourages people to put in a significant effort in order to obtain it. 

However, this fable apparently doesn't apply to the U.S. Federal Reserve and the Bank of England, who unleashed unlimited liquidity to save the ailing global economy from the coronavirus-driven fallout. 

As absurd as it sounds, fiat money does grow on trees in 2020 (at least for central banks). 

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Bitcoin (BTC) Bulls Say It's Time for 'Plan B' as Fed Ramps Up Repo Operations - READ MORE

2020 could be Bitcoin's year 

Against this backdrop of incessant money printing, Bitcoin, a disinflationary currency whose total supply is strictly limited to 21 mln, has never seemed more attractive. Novogratz described it as the strongest bull case for the benchmark cryptocurrency. 

Even though crypto failed to perform as a safe haven during the coronavirus-driven sell-off, the Wall Street bull recently opined that 2020 could end up being another big year for Bitcoin.     

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 — 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.

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