One of the most common things about the crypto sector is how bullish Bitcoin bulls are. There are almost always a thousand and one forecasts about Bitcoin, with most of them extremely bullish. This was seen again, in a recent tweet by the CEO of arguably the world’s largest digital currency exchange Changpeng Zhao, when he said that there’s a good enough chance in the near future for Bitcoin to hit $16,000.
According to his tweet:
“Lol, price predictions are easy. It’s just hard to be right about the timing. We will see $16k soon-ish. 1.4 billion people working on it as we speak.”
Zhao’s tweet was necessitated by another bullish prediction that made the rounds online some days ago. A 4chan post which was originally posted back in January this year, had predicted that Bitcoin will hit $16,000 before the end of October. The forecast included predictions from April 2019 to November 2020, further predicting that the king coin will hit $29,000 by February 2020 and $87,000 by November 2020. Apart from the obviously bullish sentiment, what made the 4chan prediction very popular is the fact that its forecasts for April at $5,300 and July at $9,200 have been spot on so far.
When October ended and people were disappointed because the October prediction didn’t come to pass, someone tweeted a mockery of the prediction, which caused Zhao to respond with the aforementioned tweet.
Zhao is known to be quite bullish about Bitcoin and crypto in general.
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