- Binance’s CEO, Changpeng Zhao (CZ) believes bitcoin will hit $16,000 very “soon-ish.”
- A 4chan anonymous user who accurately predicted bitcoin’s trajectory earlier this year turned out to be wrong in October.
- CZ claims 1.4 billion people are behind bitcoin.
Changpeng Zhao (CZ), the CEO of Binance, recently stated that 1.4 billion people are working on getting bitcoin to $16,000. And, this upswing is currently in the works.
Putting a Price on Bitcoin
The CEO of the largest cryptocurrency exchange in the world, CZ, believes that a price of $16,000 per bitcoin will happen “soon-ish.” Zhao maintains that there are currently 1.4 billion people working towards getting this cryptocurrency to reach higher highs.
“Price predictions are easy. It’s just hard to be right about the timing.”
The comments come after the predictions an anonymous 4chan users had for bitcoin turned out to be wrong. On Jan. 21, the 4chan user said that bitcoin had bottomed out and revealed several bullish targets.
By April, the individual expected bitcoin to hit $5,300, which indeed occurred. Bitcoin then surged over $9,200, validating his target for July. However, as October ended and BTC did hit $16,000, his predictions were nullified.
Notable 4chan user predicts the price of bitcoin. | Source: 4chan
One of the most intriguing things from Zhao’s remarks is that he emphasized that 1.4 billion people were working on getting bitcoin to $16,000. But, who is he referring to?
1.4 Billion People Behind Bitcoin
In June, the Russia-based cybersecurity firm Kaspersky Lab released the key findings of a survey named “The Kaspersky Cryptocurrency Report 2019.” The firm interviewed nearly 13,500 people in 22 different countries about their familiarity with cryptocurrencies.