Bitcoin predictions say it could reach $ 740,000
Cryptocurrencies continue to represent great instability and volatility for the market, a blessing for some and a curse for others
Zhu Fa is the co-founder of a company dedicated to the cryptocurrency mining in China called Poolin. The miner in question said that bitcoin could soon reach 5 million Chinese yuan, equivalent to 738,000 dollars.
The enthusiast said that in the upcoming bull run prices will be 10 to 20 times higher than in previous opportunities, but admitted that the market is now on the downside.
The expert argued that it is normal not to encounter massive price peaks like the one that occurred at the end of 2017, but that does not mean that bullish runs will not happen again. However, he clarified that the next rise could be the last in the history of bitcoin, the oldest digital currency in the ecosystem.
The mining pool led by Zhu holds 10.45% of the global share according to specialists. Despite this, Poolin has not been saved from the bear market and has also been affected. In this connection, the vast majority of companies related to the cryptographic ecosystem have presented difficulties due to the drop in prices of cryptocurrencies.
L.Sáenz
Source: Infocoin
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