Bitcoin price would touch $16K soon- By Binance CEO Changpeng Zhao

[Lucius]

Right, which is why this is a garbage prediction, nothing more than a pump attempt and very odd coming from the ceo of binance.  I'm puzzled as to why he would predict $16,000 for bitcoin but not tell us when he thinks it will hit that mark.  I agree that bitcoin will get there, but it could be next year, the year after...who knows, right?

That 1.4 billion people reference probably means Chinese people?  In any case I think he's wrong, because I *very* much doubt there are even that many people on the face of the earth who even know about bitcoin, much less own it.  This gentleman seems to be talking out of his ass here, and some people really should limit their twitter usage.

Instead of shitposting, you should try to read other people's opinions. Let's say you could only read one post above what you wrote, and maybe you can connect some points which would lead you to the conclusion why CZ says what he said.

1. Binance returns to China.
2. Binance has launched "peer-to-peer CNY markets for BTC, ETH, and Tether" in China last month.
3. 1.4 billion people live today in China, it does not mean that everyone knows for Bitcoin, CZ just emphasizes China's potential in human resources.

In the end, it is one man's opinion, it should never be too important. Do you think the price went up even for a $1 after his tweet?

[alexsandria]

And I believe prediction of "Changpeng Zhao" is more potential from some other.

Don't be fooled by his position--he doesn't know what bitcoin's going to do any more than the rest of us guessers can predict.  I'm kind of surprised that the CEO of an exchange would be publicly speculating on the price of bitcoin, because that seems like a little bit of a conflict of interest to me.

Just taking his position to claim something foolish. Been wondering where is him when sudden pumps was about to happen though.

Makes me wonder if he would have made an extremely bearish prediction if bitcoin was headed toward sub-$7k levels.  I have a feeling that he'd keep his mouth shut.

considering it’s coming from Binance CEO himself there’re chances we may see something big happening in coming days.

Meh, I doubt it.  And if bitcoin does experience a dramatic rise I don't think it's because of his statements or that he knew it was going to happen for sure.  Not that I'd be complaining either way, mind you.  lol

Totally agree with this. If it ever happen someday it might be his coincidence. He just claim something that ain't have any such sophisticated analysis. Claiming because he has the position close to crypto currency. And if bitcoin market went opposite from his prediction he will as well go downward behind from his words though.

[Serco]

In my opinion if you are the CEO of an exchange you really shouldn't post any price predictions. Most of the CEOs of traded companies (besides maybe Elon Musk) never post stuff like "Buy AAPL stock, it will go up 20% soon".

There was also Arthur Hayes which is the owner of Bitmex and he makes predictions also from time to time. And from what I remember he was wrong with most of them. I think in early 2018, he predicted BTC would hit $50K, then he predicted it would hit like $2K, and later after it rallied he had some other prediction that I don't recall.

I think when CEOs of exchanges post this stuff its a conflict of interest in my opinion and it can lead to trouble if their predictions arent true and leads to large losses for their customers who follow those predictions.

in this  case Binance CEO trying to make hype in marker.from previous statement,  this CEO trying to recover marker with their own way.and he is very smart ,the thinf he do at first time was,he continuesly said positive side in crypto market.as CEO reputable exchanges ,his statement accepted by many traders.and they will start to folllow what he said before.as exchanges CEO ,he has interest for his market.so in my opinion its no mattter for us if CEO released statement that could make market recover.

[V1saya]

CZ has a point there. CZ just wanted bitcoin to reach $16k earlier that he tweeted it to create hype on the 1.4 billion Chinese, and to the rest of the world to believe that the Chinese are here. Either way, I hope the Chinese government won't make another stern statement on bitcoin. Because there was actually no change of heart on the Chinese government's stance on bitcoin and other decentralized crypto currencies.   

[davinchi]

That statement is very much political because of that 1.4 billion, although I know that time will come when adoption rate will become very high that the community of bitcoin would really reach that, but that I would say it will be anytime soon, we still have lots of years to see to this, but this statement of soonest is something that is very political, and I think he is referring to china release of their coin, but if I am to speak of the china coin, I still don’t see how this coin will have any effect on bitcoin because china may want to push their coin forward because they like to stay on top and have the power to the as we know that they have always loved power, which might make them want to make this decep more popular than bitcoin with all media tool.

[Herbert2020]

In my opinion if you are the CEO of an exchange you really shouldn't post any price predictions. Most of the CEOs of traded companies (besides maybe Elon Musk) never post stuff like "Buy AAPL stock, it will go up 20% soon".

There was also Arthur Hayes which is the owner of Bitmex and he makes predictions also from time to time. And from what I remember he was wrong with most of them. I think in early 2018, he predicted BTC would hit $50K, then he predicted it would hit like $2K, and later after it rallied he had some other prediction that I don't recall.

I think when CEOs of exchanges post this stuff its a conflict of interest in my opinion and it can lead to trouble if their predictions arent true and leads to large losses for their customers who follow those predictions.

exchanges earn more money when more people trade on their platforms. their predictions do two things, first is that they are advertising their "brand" name to the public for free as every shitty news site just copies their guess and posts it on their website that is getting views every day. and second is that if someone listened to their wrong predictions they would be making more trades (first bad decision followed by their multiple attempts at fixing that mistake) and that means more profit!

[jostorres]

He's referring the Chinese Government own-crypto.
Changpeng Zhao is way above our levels and that's why IMO he can be right. My only concern is Chinese Gov to not go very hard against any other crypto in an attempt to impose a hard adoption on their own coin.

This is the point that they will really push for adoption so hard and if binance ceo thinks that they will pair with bitcoin, they should better be wise, so rather than supporting this project, we need to be talking of how we can ignore it and promote it for new investors to get more awareness about it much more than bitcoin.

I am not sure if the china residence too would even want to accept the project more because of its centralized technology, except maybe they will want to by law impose it on their citizens which I think it would be a very bad idea as they will not be giving them the right to have some freedom of choice on what they fell it is best for them. I am so skeptical about this china coin, and too early to start creating hype for the m and don’t mind Binance CEO, I think he is just a politician and trying to issue that statement because if his intention to open an office in Beijing.

[Mahanton]

In my opinion if you are the CEO of an exchange you really shouldn't post any price predictions. Most of the CEOs of traded companies (besides maybe Elon Musk) never post stuff like "Buy AAPL stock, it will go up 20% soon".

There was also Arthur Hayes which is the owner of Bitmex and he makes predictions also from time to time. And from what I remember he was wrong with most of them. I think in early 2018, he predicted BTC would hit $50K, then he predicted it would hit like $2K, and later after it rallied he had some other prediction that I don't recall.

I think when CEOs of exchanges post this stuff its a conflict of interest in my opinion and it can lead to trouble if their predictions arent true and leads to large losses for their customers who follow those predictions.

exchanges earn more money when more people trade on their platforms. their predictions do two things, first is that they are advertising their "brand" name to the public for free as every shitty news site just copies their guess and posts it on their website that is getting views every day. and second is that if someone listened to their wrong predictions they would be making more trades (first bad decision followed by their multiple attempts at fixing that mistake) and that means more profit!

Predictions cant really be wrong anytime because things can either go both ways.Yes i agree that such public predictions will give out some benefits into their part.
We wont know if these words are just simply being tell publicly without any intentions but it does really had some impact.Im not fan on believing to any guesses or predictions
no matter how popular they are theres no such thing as precise one.