The arrival of Bitcoin at $ 10,000 filled the entire crypto community with excitement, including Changpeng Zhao. The founder of the largest crypto exchange house in the world, Binance, showed his approval.
Bitcoin did not reach $ 10,000 since September 2019. That is why having broken this barrier again brought great expectations within the crypto community.
Several digital currency analysts had already predicted that 2020 would be a good year for BTC. However, the doubt that these predictions could or could not be fulfilled, maintained a situation of continuous expectation among technology enthusiasts.
However, time is up and Bitcoin officially broke the $ 10,000 barrier. Given this, Changpeng Zhao spoke through his account at Twitter, prompting his followers to guess the next great price of the cryptocurrency.
«Any idea what will be the next ATH for BTC? (Technically, it will be $ 20001, but not that. It meant ATH before a reasonable setback). ”
This post was the perfect opportunity to measure how Bitcoin is feeling today. The results were extremely optimistic responses to the bullish rally.
$ 300,000 as a possible goal?
Changpeng Zhao received many answers about what could be the next big Bitcoin milestone. But among them stand out the publications of those enthusiasts who claim will exceed $ 100,000.
Even merchant Michael van de Poppe, predicted that BTC could reach $ 300,000 if the next bullfight is of the same magnitude as the dotcom bubble of the late 90s.
And like him, other bulls also don’t want to settle for less than $ 100,000. Many of them refer to the Stock-to-Flow (S2F) viral model that would be invalidated if BTC were traded below the aforementioned price level by the end of 2021.
Although others consider these predictions to be a bit disproportionate, when the cryptocurrency’s record high was only nearly $ 20,000.
Not everyone is so optimistic
Just as there are those who were extremely optimistic about this new rise in prices, there are others who do not share this feeling.
Some suggest that BTC may not even reach $ 20,000. This is because many people who burned during the crypto frenzy, which occurred at the end of 2017, would be willing to leave the market.
On the other hand, the so-called Bitcoin “bears” are sure that the next mining reward cut will not start another bullish cycle.
There are currently many predictions about the future of the crypto market and what the rise in BTC would mean for it. However, it is important to remember that we are still in the first quarter of 2020 and many things can change as the year progresses.
I am a student of International Studies, interested in new technologies and their impact on the world. Faithful believer that tenacity is the basis of success.