Binance CEO, Changpeng Zhao, has moved boldly with another prediction. This time, seeing Bitcoin hit $16,000 soon.
CZ Among Top Bitcoin Influencers
Binance’s CEO has been one of the most influential voices in crypto, though not without critics and detractors. But CZ remains bullish on his Twitter channel, recently making a prediction for BTC to drive to a high not seen in more than 18 months.
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. https://t.co/mf9hKpP6Js
— CZ Binance (@cz_binance) November 1, 2019
Who were the 1.4 billion people working on Bitcoin’s boost was unclear – the global crypto community looks much smaller. It is possible Binance’s CEO envisioned much of China joining in the game with renewed enthusiasm.
Binance has been bullish not only on BTC but also on China’s relationship with cryptocurrencies as well. Recently, the exchange opened an OTC desk for Chinese traders, and Zhao mentioned Alipay and WeChat as tools to buy BTC with.
Additionally, Binance is opening a new office in mainland China, to grab onto the increased demand for crypto-related services.
In the past, the predictions of CZ also had bad moments, especially when BTC flash-crashed down from the $10,000 level. Shortly before that, CZ was confident traders would regret selling below $10,000, and possibly never see four-digit BTC again.
if you sold $BTC under $10,000
your statement continue??@cz_binance
— ahmed p (@stylist_crypto) October 24, 2019
Justin Sun Bashed for Making “Borderline Price Prediction”
But the more recent exposure came from Justin Sun,