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THE CEO of the binance cryptocurrency exchange Changpeng Zhao (CZ) believes that the bitcoin rate may return to $ 68,000 no earlier than 2024.
Given the drop in the price of bitcoin from an all-time high of $68,000 to $20,000, I think a return to an all-time high position could take some time. It may take a few months or a couple of years, no one can make an accurate prediction,” Zhao told the Guardian.
According to CZ, despite the significant decline in the value of bitcoin, now the rate of the coin exceeds the peak figure recorded at the end of 2017 ($ 19,686 on the Bitstamp exchange). This gives him confidence in the bright future of bitcoin, and he called the high level of volatility of the asset price a normal phenomenon.
Bitcoin rate depreciation after reaching ATH
An employee of the Bloomberg information portal, Mike McGlone, is also betting on increasing the price of bitcoin in the long term. In his opinion, the value of the cryptocurrency will steadily increase due to the growth of the customer base and by 2025 will reach $ 100,000.
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