BTC - Binance CEO says now is the time to buy Bitcoin
The CEO of Binance just made a rare price prediction...
If you have followed crypto and bitcoin for any length of time you will undoubtedly notice that there is no shortage of price predictions out there.
They come from all sorts of sources.
However, there is one place you rarely see price predictions come from...
And that's from the CEO of Binance.
Changpeng Zhao learned long ago that making price predictions isn't a great idea because...
"when one does, he will be wrong 50% of the time."
An astute observation!
"The Bitcoin price will likely increase..."
Apparently Zhao decided to deviate from his previous thoughts regarding bitcoin and price predictions as he made some rather bullish predictions just recently...
Specifically, Zhao had this to say about bitcoin...
"The bitcoin price will likely increase."
So, I guess it isn't technically a price prediction per say, but it still is a bit unusual coming form him compared to others in the industry.
And why does he think that you may be wondering???
In his words...
"I personally believe the halving has not been priced in,"
"It costs miners almost double what it does now to produce one bitcoin. Psychologically, those miners won't be willing to sell below that price."
"The market is not efficient. Most people don't get information quickly. People need a lot of time to let concepts sink in and adjust."
"New bitcoin coming to market will be severely limited and at the same time we're seeing more users and traders coming in."
"Economic theory tells us that the bitcoin price will likely increase but this is just the theory and hard to predict."
There you have it!
Buy bitcoin from a voice that rarely makes statements like that!
There is a confluence of positive factors all coming together right now that he is likely seeing as well that make buying bitcoin and crypto right now seeming like a pretty decent bet.
He doesn't have a crystal ball anymore than the rest of us do, but I think he is probably going to end up being right in this instance.
Stay informed my friends.
Image Source:
-Doc
@jrcornel, In my opinion Big Players always knows how to play the Game. In my opinion some hints can be observed between the lines. Let's hope for the best. Stay blessed.
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BTC is poised to become a store of value asset in the long term.
"Any asset, financial and real, is a store of value."
I wish one day CEO of binance actively used steemit
I hope so. Anybody can get better response on steemit.
Posted using Partiko Android
May be market does not believe him, LOL. Price just went down after that ?
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