Zhao Dong, Predicts Bitcoin At $50,000 By 2021
Zhao Dong, a Chinese-based cryptocurrency influencer and one of the biggest Bitcoin OTC traders in China, recently made some bullish price predictions for Bitcoin (BTC). He predicts the price of Bitcoin will be through the roof in 3 years’ time.
According to Zhao, Bitcoin’s price will reach no less than $50,000 by 2021. While Zhao acknowledged the price could fall even lower, he is still very bullish and convinced that now is the time to be buying and holding Bitcoin (BTC).
He added: In the bull market, I don’t persuade people to buy Bitcoin, because it seems easy to make quick money but in fact, it is not. Now I start to talk people into buying Bitcoin. Those who make truckloads of money do not have a very short-term speculative driven investment mindset. Perhaps Bitcoin price will continue to drop even lower, and it may fall up to 50 percent. But it is still worth steadily acquiring coins every time it hits a new low. You possibly see a yield of 100 to 200 percent in 3 years.