Binance CEO Predicts Bitcoin (BTC) Will Hit $16K ‘Soon-ish’
In a recent tweet, CZ responded to a meme posted by The Crypto Monk, which shows Arnold Schwarzenegger (from Commando) blowing up the famed 4chan post that accurately predicted Bitcoin’s price through July but missed in October, with his own prediction that Bitcoin will hit $16,000 “soon-ish.”
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
While the anonymous 4chan poster thought BTC would reach $16K in October, the month has now ended with Bitcoin roughly 45% below the mark.
Based on options data from market research firm Skew, the probability of Bitcoin being above $16,000 by the December expiration date currently sits at roughly 4%, while March is at 11% and June is at 14%.
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More: Binance CEO Aligns With Infamous Bitcoin (BTC) Prediction As Crypto Trader Ponders Ripple and XRP Controversy
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.