Zhao Dong, one of China’s wealthiest Bitcoin billionaires and well known OTC trader took to WeChat recently to share his opinion on the crypto industry, explaining that the crypto winter will continue throughout 2019, but now is the best time to buy and hodl, 8BTC reports.
During a discussion on a WeChat group, Dong noted the obvious decline in people caring about Bitcoin since the bull run in 2017, explaining:
“For most people, if they do not pay attention to bitcoin now, they will not pay much attention to most of the time,” Mr. Zhao said, “ and they will notice the market again only when bitcoin reach a height of many tens of thousand of dollars.”
He added that for those who are still all in on Bitcoin, now is the time to stock up.
When asked about crypto trends, Dong was cautiously optimistic about the long-term value of Bitcoin, explaining that crypto winter will continue throughout the year, with spring coming in 2020 and summer arriving in 2021.
He also cautioned investors, saying, “ More crypto projects and companies will die this year, but meanwhile the next wave of more promising ones will emerge from ashes, making 2019 both the best time and the worst time for investors and entrepreneurs.”