Bitcoin, which performed below expectations in 2020, has been running to records in recent days. Binance CEO shared his predictions for Bitcoin.
Binance CEO makes a statement for Bitcoin
New predictions for the future have begun to come for Bitcoin, which has risen rapidly in recent weeks. In an interview with Channel News Asia, Binance CEO Zhao commented on the current rise of Bitcoin.
According to Zhao, Bitcoin can replace the gold with its current market value of $ 10 trillion. According to Zhao, Bitcoin, which is a store of value, has many advantages compared to gold. While gold is very indivisible, Bitcoin provides a significant advantage in value transfer. In addition, the lack of physical transport makes Bitcoin stand out. Zhao says gold is a very good store of value, but its use case is limited, while Bitcoin is definitely a future.
Zhao said that Bitcoin’s value would not be surprised if it breaks the $ 20,000 level ahead of 2021. Stating that he does not want to make a price prediction directly, Zhao adds that he is very optimistic.