Bitcoin is starting to generate a lot more hype as of late with an influx of positive news and awareness for Bitcoin.
For instance, Elon Musk recently spoke positively about Bitcoin and JP Morgan are launching their own cryptocurrency. Both of these developments are being reported on by mainstream media, reaching audiences who know nothing about cryptocurrency and have not yet invested.
It’s being speculated that news such as this is what’s driving Bitcoin’s recent rise in price from $3,600 to nearly $4,000 in just a couple of days. If the positive news continues and more people are introduced to Bitcoin, its price may soon return to levels unattainable for the average investor to buy 1 full Bitcoin, as we saw back in 2017.
Zhao Dong, a Chinese billionaire and one of the world’s largest over-the-counter (OTC) traders for Bitcoin, believes now is the time to buy Bitcoin (BTC) before the mainstream starts paying attention and the price returns to 10s of thousands of dollars.
Dong shared these thoughts in the Chinese WeChat group, “The Public Chain Alliance Crossing The Bulls And Bears Elite Team,” where he stated:
“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.”
Adding to this, Dong spoke about market trends, predicting that 2019 will continue to be a long crypto winter and is the time to accumulate Bitcoin. He then said that 2020 will be spring (the beginning of the bull market), and 2021 will be summer (when Bitcoin goes parabolic).
Explaining his rationale for investing during these time periods, Dong said:
“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.”
Do you agree with Zhao Dong that 2019 will be the last time for mainstream investors to buy 1 full Bitcoin? Are you accumulating this year or waiting for a confirmed bull market? Let us know in the comment section below.
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