Bitcoin will hit $50,000 in three years, according to Chinese crypto billionaire Zhao Dong.
The OTC Bitcoin trader, who owns a substantial stake in Bitfinex, said on social media platform Weibo: “In the bull market, I don’t persuade people to buy Bitcoin because it seems easy to make quick money but in fact, it is not. Now I start to talk people into buying Bitcoin.”
He added: “Those who make truckloads of money do not have a very short-term speculative-driven investment mindset. Perhaps the Bitcoin price will continue to drop even lower, and it may fall up to 50%. But it is still worth steadily acquiring coins every time it hits a new low. You will possibly see a yield of 100 to 200% in three years.”
Check out our latest Bitcoin price analysis here.