Chinese Bitcoin billionaire Zhao Dong believes that the crypto spring will only come in 2020, according to cointelegraph.com.
Zhao Dong, who owns a substantial stake in Hong Kong-based crypto exchange Bitfinex, has recently participated in a discussion where he asked about the future of BTC. He recalled the peak of the coin’s popularity in December 2017 and in comparison to that time, no one cares about BTC today, he noted, adding that the coin will draw attention again only when its rate reaches “many tens of thousands of dollars” once again.
Therefore, in Zhao Dong opinion, a bear market is the best time to buy BTC. He also added that 2019 will be a year of low crypto prices, noting that the industry needs to brace itself for other several months of crypto winter. Many companies will disappear during this period, but new ones will inevitably emerge to make 2019 both the best and the worst time for investors and entrepreneurs, said Dong.
Zhao Dong said in the chat that the crypto spring is only coming in 2020, while the crypto summer will not arrive until 2021.
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