How much profit Mr. Z can generate using cloud mining if we take into account this price you offered: $ 20,000 ? I mean If he supposedly bought for $6400 and then invested when price was already much higher. I guess If you invest at the time of high price you still able to generate good profit. However, you can't be sure that price will not drop again, that's true. I think you should have this feeling...and invest smartly at good timing and withdraw in time as well. Which is hard obviously)
You are just basing on bitcoins price potential rise up.Try to look at on difficulty and you will see that cloud mining investments will not give you give good payout even on $10000 price/BTC.Difficulty does matter not on the price most of the time unless if it would hit up ATH then we might see some good payouts but it doesnt mean it will reach you out Roi way more faster.
Smart investing is suggested but i dont see cloud mining will be included into that choice.