Chinese Crypto Miner Predicts That Bitcoin Could Reach $740K
CoinTelegraph
Published Feb 16, 2019 10:46
Updated Feb 16, 2019 11:36
Zhu Fa, co-founder of Poolin, a Chinese-based crypto mining pool, predicted that the Bitcoin (BTC) price could hit 5 million Chinese yuan ($738,000 (USD), crypto news outlet 8BTC reported on Feb.11.
While Zhu noted that “it now feels more like a bear market,” he reportedly predicted that in the next bull run, prices will be 10–20 times higher than previous ones. Zhu also noted that massive prices spikes like the one that resulted in the $20,000 per BTC high in 2017, will not always exist, adding that the next bull run could be the last.
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Written By: CoinTelegraph
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