Earlier in the week Zhao Dong, a Chinese large over-the-counter trader and Cryptocurrency billionaire once again urged the public to consider buying Bitcoin (BTC). He urged individuals by saying that the time is ripe as of now to buy and hold onto the first cryptocurrency.
Dong had a unique take as to why it is the right time to by BTC as in the WeChat messenger, he said that due to the fall in Bitcoin price, the first cryptocurrency is now watched by very fewer individuals in comparisons to during its take-off back in 2017, and people will continue to do so until BTC returns to tens of thousands of dollars.
A statement given by Zhao Dong reads as follows, “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.”
Dong was also asked about trends in the industry, to which he expressed his opinion that the current year will continue to remain calm, and BTC will witness a gradual increase in the price of Bitcoin in the start of 2020.
The Chinese Billionaire then said that the real “summer” for BTC will arrive in 2021 which is consistent with his past predictions that Bitcoin will reach $50,000 by 2021.
According to Dong, “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.”
The billionaire also further says that by the end of 2019 various cryptocurrency projects will bite the dust however it should not make you very pessimistic or, on the contrary, optimistic about the sector.
Dong then went on to say that a number of new companies will be launched which will make it easier and cheaper to invest in good projects, however, in 2019 many entrepreneurs in this sector will go through failures.
Dong concluded his statement by saying, “The only thing you need is patience.”