According to the CEO of the world’s largest cryptocurrency exchange, Bitcoin could remain below its all-time high of $ 69,000 for the next two years following the latest cryptocurrency market crash. Here are the details…
Binance CEO: BTC may take some time to recover
Binance CEO Changpeng Zhao; he believes that despite recent volatility, the cryptocurrency sector is still growing. He also said that Bitcoin’s next all-time high could come sometime later. However, he said some companies that have established themselves at the top of the market may have tough times. Speaking with The Guardian, Zhao made some interesting comments on Bitcoin’s all-time high. The CEO also warned that no one can predict Bitcoin’s future. He noted that the next all-time high could take up to two years. The CEO used the following statements:
I think it will probably take some time for it to recover, given this drop in price from an all-time high of $ 68,000 to $ 20,000. It will probably take a few months or a few years.
Zhao thinks Bitcoin’s current price isn’t bad at all. But he acknowledged that the $ 20,000 range is relatively low. However, he explained that in 2018 or 2019 people would be very happy if told that Bitcoin could reach $ 20,000 by 2022.
At what levels is Bitcoin’s next peak?
It’s not entirely clear when Bitcoin’s next all-time high will be. However, analysts are making strong predictions about what the peak might be. Many believe the coin will trade around $ 420,000. Steve, a cryptocurrency investor, said the same thing.
With Bitcoin reaching $ 69,000, it is clear to me that the next target may be just $ 420,000. There is no middle ground. There will be no smoke if there is no fire.
Another cryptocurrency enthusiast, DrNick, wondered if the next peak would be around $ 4.20,000. Similarly, another enthusiastic RSSI predicted a Bitcoin spike of $ 420,000 based on the $ 69,000 high. “BTC’s peak was $ 69,000. The next peak of the cycle will obviously be $ 420,000, “he said. cryptocurrency.com As reported, Bitcoin and other cryptocurrencies have been impacted by a variety of factors following the decline in the stock market associated with rising inflation and rising interest rates by central banks. At the time of writing, BTC is trading at $ 20,589, up 1.7%. The cryptocurrency fell 8.6% in 7 days. Meanwhile, Ethereum (ETH) is changing hands at $ 1,100 with a 1.7% rise.
Contact us to be informed immediately on last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And Youtube join our channel!
Disclaimer: Articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, resource, or service in this article.
Warning: Citing Kriptokoin.com news content and quoting by linking is subject to permission from Kriptokoin.com. No content of the site may be copied, reproduced or published on any platform without authorization. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.