Altcoin News: Billionaire, Zhao Dong: “Buy Bitcoin Now, While No One Really Cares”
Cryptocurrency billionaire and large over-the-counter trader from China, Zhao Dong, once again urged the public to look at buying Bitcoin. He stressed that now is the time to buy and keep the first cryptocurrency.
In the WeChat messenger, Dong noted that due to the fall in Bitcoin price, the first cryptocurrency is now watched by far fewer people than during its take-off in 2017, and there will be no rush until BTC returns to tens of thousands of dollars.
“For most people, if they don’t pay attention to Bitcoin now, they won’t pay much attention to most of the time, so for them, only how many tens of thousands of bitcoins will break them will be noticed again. If you and I believe in the future of Bitcoin, so it is best to hold as much as possible when nobody cares.”
When asked about trends in the industry, Dong expressed the opinion that the year 2019 will be calm, and a gradual increase in the price of Bitcoin will begin in 2020. However, the real “summer” will come in 2021. This is consistent with his past predictions that Bitcoin will reach $50,000 by 2021.
“In the bull market, I don’t persuade people to buy Bitcoin, because it seems easy to make quick money but in fact it is not. Now [in the bear market], I start to talk people into buying Bitcoin”, said Dong.
According to the billionaire, in 2019 many cryptocurrency projects will cease to exist, but you should not be too pessimistic or, on the contrary, optimistic about the industry.
Dong also expects a new wave of companies. It will be easier and cheaper to invest in good projects, but for many entrepreneurs, 2019 will be a failure.
“The only thing you need is patience.,” Dong summed up.
Author: Marko Vidrih