Binance CEO Changpeng Zhao says he thinks Bitcoin is on its way to $16,000.
In a new tweet, Zhao reacts to a meme celebrating the end of an anonymous Bitcoin forecast.
Originally posted on 4chan, the anonymous forecast claimed that BTC would hit $16K by the end of October. It’s now November – and Bitcoin is priced just above $9,000, nearly $7,000 shy of the prediction.
Now that the prediction is officially toast, Binance CEO says he believes the leading cryptocurrency will reach the $16K mark “soon-ish,” although he’s not willing to put a date on when it will happen.
Lol, price predictions are easy. It's just hard to be right about the timing. We will see $16k soon-ish. 1.4 billion people working on it as we speak. https://t.co/mf9hKpP6Js
— CZ Binance (@cz_binance) November 1, 2019
Meanwhile, crypto trader and analyst Eric Choe is asking his 139,000 followers on Twitter about the polarizing debate over Ripple and XRP.
“Can anyone explain to me the hate around XRP [and] Ripple?
As a trader, I use XRP on a weekly basis to send funds through different exchanges to deposit and withdraw.
To me, it’s super convenient. Not sure what others think?”
Detractors of the third-largest cryptocurrency have long questioned whether the coin is truly decentralized largely due to the fact that Ripple owns more than half of the total supply.
The question from Choe triggered a deluge of responses. Here’s a look at a few of the highlights.
It’s very simple.... BTC has delivered on the perception of being Anti-Establishment. Anti-Banks, Anti-Government, and Anti-Regulation. @Ripple is using #XRP and is working with Establishments, Banks, Governments and Regulators. If you Love #BTC ..then hate Ripple and XRP. ?— Dominic Skinner (@DominicSkinner) November 1, 2019
Even if you don't like #XRP it works very well at moving value fast and cheap.— ???? ??? (@BankXRP) November 1, 2019
Why wait. Buy xrp from coinbase send to you favorite alt exchange in 3 seconds. Then sell XRP to buy the coin of your choice.
Real use case.
In a tribal ecosystem facts and truthful stats are ignored.— Digiknowassets (@digiknowassets) November 1, 2019
It becomes more of a my team vs your team. Much like our government. #USA
I love all #crypto, but do not ignore facts. Network speed & fees matter when trading. Longterm value matters when HODL. I go for the double play
And yet it has outperformed BTC over the last 3 years. So how do you explain that?
— Matt Hamilton (@HammerToe) November 1, 2019