Home » , » Zhu Fa (CEO of the Mining Mining Pool) in China, Estimates Bitcoin Prices to Reach 10 Billion

Zhu Fa (CEO of the Mining Mining Pool) in China, Estimates Bitcoin Prices to Reach 10 Billion

Written By Hanny & Melissa on Thursday, April 11, 2019 | Thursday, April 11, 2019

The co-founder of Poolin (Zhu Fa) or the crypto mining pool based in China, estimates that the price of Bitcoin (BTC) can reach 5 million Yuan, equivalent to IDR 10 billion (in Indonesian currency), it is based on crypto 8 BTC news outlets reported on February 11.

Then Zhu Fa noted that "now it feels like a bearish trend market." He reported that in the next bullish trend, prices would be 10-20 times higher than before.

Zhu also mentioned that the massive price spike like 2017 which made BTC prices reached Rp 200 million, would not always be there. Besides that, he added the next bull run might be the last.

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Predictions from experts in various aspects of the cryptocurrency market have ranged from rising prices to very falling. On the blockchain show in April 2018, Tim Draper, a wealthy investor, predicts that the price of Bitcoin will be $ 250,000 (IDR 3.5 billion in Indonesian currency) in 2022.

Earlier this week, Barry Silbert, CEO and also founder of Digital Currency Group and Grayscale Investments, said that almost all digital coins would be zero, there was no price.

He added, almost the initial Initial Coin Offering (ICO) was only an attempt to get funds but nothing was useful for the underlying token.

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Mining pool owned by Zhu Fa (Poolin), has 10.45 percent of Bitcoin's market share, according to btc.com. Current bearish market has paralyzed cryptocurrency mining.

Some mining companies in China and many individuals sell their mining equipment in a loss. In fact, some sell/ kilogramme.

Recently, a well-known mining company, Giga Watt, announced that it had stopped mining operations.

By email to customers, the company claimed that the decision was made because they did not have the funds to continue operating their mining facilities. then what do you think of friends ...? regarding this Bitcoin price, please comment below ...

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