5 top Chinese crypto leaders make predictions for 2019

15 Feb, 2019 | Updated: 15 Feb, 2019
by Joeri Cant
News
5 top Chinese crypto leaders make predictions for 2019

5 top Chinese 'key opinion leaders' in cryptocurrency, shared their predictions for the digital asset markets as well as the blockchain application adoptions in 2019.

Chinese Lunar New Year celebrations, also known as the 'Spring Festival' in modern Mainland China, mark the start of a new year on the traditional Chinese calendar.

According to the Chinese 12-year animal zodiac cycle, the Chinese year beginning on February 5th in 2019 is the year of the Pig and Pig years are believed to be the most unlucky for people born in previous years of the Pig.

So let's take a quick look at 5 top Chinese crypto leaders and see if they believe 2019 is going to be 'unlucky' for the world's most popular cryptocurrency.

Read more: What does Bill Gates have to say about Bitcoin?

According to 8btc.com, Chandler Guo, the well-known Chinese cryptocurrency angle investor said that it was 'less likely for Bitcoin to go back to $10,000 in this year, but the next Bitcoin halving about one year and a half away may trigger a tenfold price growth.'

Just this month Chepicap reported on a anonymour trader who stated that the next bitcoin block reward halving will bring an end to the bear market.

'The market has cycles', he said. 'It’s important to remember this during both the rapid growth and the strong downfall. It’s also just a matter of time when the big players will enter this market well and truly.'

'The closer this moment is, the closer is the end of the winter. I would advise you to count down the remaining days before halving, rather than count the number of days the bear market lasts."

Zhao Dong, one of China’s most influential Bitcoin billionaires and OTC dealers, believes that the bear crypto market will extend throughout 2019, and that we will see the spring appear in 2020 and that 2021 will be the summer where Bitcoin would reach at least $50,000 by 2021.

He also added that although the crypto winter would continue in 2019, the next batch of excellent blockchain projects would emerge from the ashes.

Read more: Is Bitcoin at $1 million really possible?

One of the more broad predictions is made by Qtum founder Patrick Dai who predicted that BTC price would keep consolidating in 2019, and that Bitcoin would be trading between $4,500- $50,000 by the end of this year.

Somehow we think he might turn out to be correct in his prediction.

According to the co-founder of Ultrain Guo Rui, we will see 'the blockchain-based DApp blossom in the crypto winter', but just at the early stages, adding that it may still take many years for a killer app to emerge.

He also said that 'we may see 2 or 3 commercial public blockchain emerge in 2019 to solve problems in decentralization and TPS performance and technological framework of commercial blockchain application would be more mature.'

Read more: 8 long-term Bitcoin price predictions by experts

Last but not least, Dr. Xiao Feng, Chairman, and CEO of Shanghai Wanxiang Blockchain says that he is very optimistic about the blockchain industry.

He expects a large-scale commercial application of blockchain in 2019, and he believes the blockchain industry will undergo a great transformation in the future.

'Everything will be all right.', he said.

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Read more about: Bitcoin (BTC) China

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