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CZ Binance Makes Bitcoin Price Prediction

CZ Binance Makes Bitcoin Price Prediction

CZ Binance Makes BTC Price Prediction-TECHCRYPTION-01

The cryptocurrency community, as well as the adoption of cryptocurrency, has been growing massively. More and more people are known to have started using cryptocurrency in their daily life and the digital currency has helped the world in so many ways.

As for the pioneer cryptocurrency, Bitcoin will undergo its third halving this May 2020, and many experts believe that the price will spike after the event. However, some also believe that the Bitcoin price will not go as high.

Recently, Changpeng Zhao, also known as CZ, the CEO and founder of Binance has broken its rule and predicted the rise of cryptocurrency Bitcoin. CZ added that the reason he does not do price predictions as he will be wrong 50% of the time.

“Economic theory tells us that the bitcoin price will likely increase but this is just the theory and hard to predict.”

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CZ

CZ personally believes that the halving has not been priced in and the market is not efficient, and people need a lot of time to let concepts sink in and adjust. However, CZ warned that historic events do not predict future events, so don’t take that too literally.

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