Binance CEO Is Expecting Bitcoin (BTC) Price To Reach $300K. But How soon?
The CEO of Binance Changpeng Zhao has stylishly aired its expectation on Bitcoin (BTC) price, saying, he’s always in the cryptocurrency space come what may.
Bitcoin Price to $300K?
The cryptocurrency investor and owner of the largest exchange expects Bitcoin to reach $300K, added that no matter the tough time, he’s always an investor in the crypto world.
He said, if Bitcoin is either at $4K or at the much awaited $300K, he’s always around.
“$4k & 300k There are tough days, and there are good days. We are always here.”
Late 2018, Changpeng, in a letter written to Binance community tagged 2018 Binance Year-End Review, laid some popular achievement of his exchange. However, he said the year was hellish for cryptocurrency in general.
CZ said: “2018 has been a hell of a year, definitely not the easiest of years, but looking back, real progress has been made.”
Considering the content of his letter, the crypto investor believes 2018 was used to BUILD myriads of technology in the crypto world, while 2019 would be a year of bullrun.
Although the price of Bitcoin this time is nothing to write home about, however, crypto enthusiasts believe the price of Bitcoin (BTC) will skyrocket in the nearest future to around $300,000 considering the fact that different innovations have been introduced to the space.
Tom Lee Still Bullish About Bitcoin Price
Meanwhile, Fundstrat founder and head of research Tom Lee has said few days ago that Bitcoin is some six month away from a bull trend.
The crypto investor and analyst in a conversation with CNBC maintains that Bitcoin’s fundamental are even stronger this time despite the crypto winter.
He said with Facebook and JP Morgan coin projects, credibility and sanity is coming to the crypto world.
“I think the key number to watch is the 200 day moving average. If Bitcoin holds here aroundc$4,000, it’ll cross above its 200 day by August. So I think the outside window is five or six months before Bitcoin starts to look technically like it’s back in a bull market.”