Bitcoin to $100,000 says Binance CSO
- Binance CEO is calling for Bitcoin (BTC) to hit $100,000 before the year ends, he believes between $50,000-100,000 range.
- Gin Chao says that BTC will not be leaving the bullish market anytime soon.
Binance, the world’s largest exchange by traded volume, the Company Strategy Officer (CSO), Gin Chao was recently making large calls for Bitcoin, speaking on Block TV.
The CSO said that Bitcoin will not be leaving the bullish market anytime soon. Chao believes that the world’s largest cryptocurrency by market cap, can achieve the $100,000 mark. The range forecast he made was $50,000 - 100,000 by year-end.
In terms of Bitcoin today at the time of writing, it is trading back above the $11,000 mark, after dropping down the $9,000 territory on Tuesday. BTC/USD is holding some gains of around 5% in the second half of the day.
Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
