This article was originally published by 8btc and written by Lylian Teng.

Zhao Dong, one of China’s most influential bitcoin billionaires and a well-known over-the-counter (OTC) trader, said that he thinks the cryptocurrency market is poised to take off within the next three months.

Known as a shareholder of cryptocurrency exchange Bitfinex and the founder of crypto lending platform RenrenBit, Zhao recently took to Weibo (China’s equivalent to Twitter) to give a prediction about the crypto market.

“The next three months could be the last opportunity for bottom fishers, and after that, the crypto market will enter Spring and then Summer, estimated to rally together with China’s stock market in 2021,” he wrote. “There’s always ups and downs, just like the cycle of the seasons.”

In November 2018, the bitcoin tycoon presented his theory that the bitcoin market has four seasons for the first time, claiming, “we’re now still in the autumn time of bitcoin, next year (2019) would be the winter.”

Bitcoin surprised its investors after unexpectedly tripling in price in less than three months, from $4,000 at the start of April 2019 to over $13,000 in…

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Author: 8btc


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