Binance CEO Again Dropped Down Due To Failed Predictions
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Binance CEO Again Dropped Down Due To Failed Predictions

March 20, 2020      Tarulika Jain

Cryptocurrency is a highly volatile asset, flipping the market every now and then from bullish to bearish and bearish to bullish. To predict the nature of crypto markets is impossibly difficult as it depends on several factors. On the contrary, Changpeng Zhao, the CEO of the world’s leading exchange Binance, often predicts the bullish trends of the market and is criticised after making predictions.

Despite this, CZ never hesitates to make further tweets and claims that his forecast for a bullish market can be easily correlated with all associated upticks.

“Over Optimistic” Predictions of CEO of Binance

Many of the predictions of the CEO of Binance dropped at miserable times. Once he predicted that Bitcoin would not “hang around” below $9000 just before the week of the cryptocurrency dive down 48 per cent in a day. In November, he had the incredibly failed projection that Bitcoin could skyrocket to $16,000.

Some new crypto enthusiasts sometimes take the predictions of CZ on the severe note because of his leading crypto exchange. But, it should be noted that CZ almost every time, predicts the bullish market and cannot be expected to tweet something related to bearish markets. So, before making any investment, it is recommended to ignore his over-optimistic tweets.

Changpeng Zhao On Bitcoin Halving

After the explosion of the Bitcoin price by 20% on March 19, 2020, a lot of predictions are taking place in the crypto markets. The rise in the Price of Bitcoin more than 60% since its lowest in the year 2020, i.e. around $3900 was seen.

It seems that bulls are still in the bear woods and will soon take up the bitcoin market to an all-time high before the bitcoin halving event. About bitcoin halving and price prediction, the CEO of Binance went against his usual attitude of predicting an increase in the prices of bitcoin. He advocated that the Price of Bitcoin will vary as per Economic theory of Price and demand and added that his pretty positive about the market forces.

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Tarulika Jain
Tarulika Jain

Tarulika is an engineering graduate and an eloquent crypto blogger. Being a digital economy supporter, she keeps herself updated with the latest innovation in the crypto industry, Blockchain Technology, Internet of Things and other technologies. Currently, she curates the simple and interesting content for Crypto guides for beginners. If you want to learn more about the cryptocurrencies, latest trends of blockchain-powered AI applications, you are free to follow her on LinkedIn and Twitter.