CZ says that history will repeat itself and we may record new highs and lows for the Bitcoin market.
Thank you for reading this post, don't forget to subscribe!
— CZ 🔶 Binance (@cz_binance) December 1, 2020
“You do realize that the current part of the #bitcoin chart will be a flat line in a few years, right?”
Changpeng Zhao popularly known as CZ hints on Bitcoin price getting to a new low around $20,000 while moving for a new all-time high in years to come.
He highlighted how the repeat of the prediction was recorded in 2014 when Bitcoin was around $5000 before making new highs at $19000 and above.
What you should know: Bitcoin price has the potentials of going above $20,000 according to institutional investors. Moreso, big companies and buying more equities on Bitcoin. This will according to experts, affect the whole crypto market, impacting the crypto market capitalization.
Quick Facts: Bitcoin price reached a new all-time high and currently the known all-time high on 1st December, 2020. The price at all-time high was at $19,850.11 which is N9,686,853.68 naira per today’s current market price of NGN to USD.
DiutoCoinNews Market Insights reported an average buy price at 488 naira to dollar with an average sell price of 483 naira.
Bitcoin has gained over 50% since 2020. Moreover, experts claim that we will see prices above $20,000 happening in 2020/2021 due to the increased buys by companies investing in Bitcoin as a store of value.