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.

Image Credits: Pixabay

The post Binance CEO Says Bitcoin At $16,000 Will Happen Soon appeared first on Latest Crypto News.

This content is synced from the rightful owners. Copyright on text and images belong to the original source.

This article was first published on: Latest Crypto News