Binance CEO Still Sees Bitcoin Growing 1,000x in Price | Crypto Craft

  • Binance CEO Still Sees Bitcoin Growing 1,000x in Price

    From interactivecrypto.com

    Binance CEO Changpeng Zhao has made a bold prediction about the potential price of Bitcoin down the line, suggesting it can still grow 1,000-times. This may sound like a huge figure, but his reasoning is not all that outlandish. Zhao, who has seen huge success in a short period of time with his cryptocurrency exchange Binance believes that because cryptocurrency is still owned by such a small percentage of the global population, it has room to grow in price when adoption gets bigger. Moreover, the CREO explained on the podcast, Flippening, that he is looking to help boost adoption by boosting the cryptocurrency space ... (full story)

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auricforecas
Aug 14, 2019 1:14pm
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Quoting Hasher
{quote} I'm sure people said the same thing when it was $0.01, $1, $10, etc...
Yeah, but some actually bought it and hold it at that price, till now even But it was much easier back then..
Risking 100USD for.. OMG returns.. now.. now 1BTC costs 10k... and anything can happen, if are honest... But still, at x1000, one could risk 100USD still to get 100k.. not bad... Do you think it is realistically for it to go x1000 ?

Also, current market capitalisation of BTC is about 270 Billions...
https://coinmarketcap.com/charts/

At x1000 that would mean... 270TRILLIONS.. equal to about current TOTAL WORLD WEALTH! ;D
https://en.wikipedia.org/wiki/List_o...y_total_wealth

So yeah, I would not bet on the x1000 anytime soon, with inflation being something in "normal range" that is
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Hasher
Aug 14, 2019 4:13pm
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Quoting auricforecas
{quote} Yeah, but some actually bought it and hold it at that price, till now even But it was much easier back then.. Risking 100USD for.. OMG returns.. now.. now 1BTC costs 10k... and anything can happen, if are honest... But still, at x1000, one could risk 100USD still to get 100k.. not bad... Do you think it is realistically for it to go x1000 ? Also, current market capitalisation of BTC is about 270 Billions... https://coinmarketcap.com/charts/ At x1000 that would mean... 270TRILLIONS.. equal to about current TOTAL...
I agree x1000 seems silly, I do believe there's a LOT of growing room for crypto especially when compared to other asset market caps.

Plus, you don't need to buy a full bitcoin, maybe throw $100 in and forget about it, check back in a few years
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auricforecas
Aug 14, 2019 12:50pm
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I suspect what/who was he reading But hey, let them make that happen x1000 man... If I would believe that... would be putting a few BTCs.. doing nothing while it grows to that

https://www.google.com/search?q=mcaf...hrome&ie=UTF-8
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Hasher
Aug 14, 2019 1:10pm
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Quoting auricforecas
x1000 man... If I would believe that... would be putting a few BTCs.. doing nothing while it grows to that
I'm sure people said the same thing when it was $0.01, $1, $10, etc...
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