Despite the cryptocurrency market`s fall, Chinese billionaire and over-the-counter trader Zhao Dong, who has made his fortune on Bitcoin, considers that for three years the price of the first cryptocurrency will reach $50 000.
Dong, who regards cryptocurrency as the long-term asset, has stressed that now it’s the most suitable time to buy Bitcoin.
“I haven’t convinced people to buy Bitcoin on the bull market. This seems to be an easy way to make fast money, however, in fact, it’s not true. And at the current time I begin to persuade people to purchase BTC”, – the billionaire claimed.
He has also noted that investment opportunities appear during the decline of society interest to digital assets. Wherein Zhao Dong has accented that investors shouldn’t wait for immediate enrichment and have much patience.
Bitcoindoubler2x.com notes that the billionaire doesn’t deny that market can continue falling, but he is sure in recovery of Bitcoin’s price for three years. According to his opinion, the price of main cryptocurrency will reach $50 000 – $100 000 till 2021.
“It’s important, the cost of BTC will continue falling and decrease by another 50%. But all the same, people confidently have to purchase coins at each reduction. Probably, you`ll see the profit in 100% or 200% for three years.”
Zhao Dong entered cryptocurrency market in 2013 with the investment in 10 mln Yuan. Already in a year his fortune was estimated in 100 mln Yuan. However, he put deals with leverage and lost 9 000 BTC on February 2014 and owed 60 mln Yuan. Anyway, he is doing quite well now.