Binance’s former Head of Strategy, Gin Chao, expects Bitcoin (BTC) to hit an all-time high (ATH) by the end of 2023 or early 2024.
In an interview with Binance’s former head of strategy, Gin Chao Forkast, Bitcoin’s end of 2023 or 2024 at the beginning of the year about 70,000 dollar of all time surpassing the highest level He said he thought he would make a new summit.
Chao, who is also the founder of investment company CVP NoLimit Holdings, said that the declines experienced in 2018-2019 He said it resembled a bear market. Every bear market 18-24 months a repeating itself Chao said that there will not be much change in the cycles of the crypto money market and that this cycle will continue. together in early 2024 He thinks Bitcoin can reach its highs.
Investors who have been in the cryptocurrency market for a long time experienced the bear market before Stating that they are calm for in 2018-2019 in the bear market that you work at Binance Labs and that the most successful trades are usually “in the crypto winter” stated that it was done.
Binance CEO Changpeng Zhao (CZ) also recently, like his ex-colleague Chao, has been involved with Bitcoin. the end of the downtrend and to the bull market gave the first signals.