According to Zhu Fa, co-founder of a company "Poolin" dedicated to the cryptocurrency mining in China, he assured that Bitcoin could reach 5 million Chinese yuan, approximately 738,000 dollars.
Although the enthusiast of digital currencies admitted that at the moment "feels more like a bear market," he explained that in the next bull run prices will be 10 to 20 higher than in the previous occasions.
He also stated that it is normal not to encounter massive price peaks like the one that occurred at the end of 2017, but that does not mean that bullish runs will not happen again; However, he clarified that the next climb could be the last in the history of Bitcoin.
The mining pool led by Zhu has 10.45% of the global share, according to BTC.com. Despite this, Poolin has not been saved from the bear market and has also been strongly affected.
And like Poolin, the vast majority of companies related to digital assets have had some difficulties due to the drop in the prices of cryptocurrencies. Some have even had to lay off staff, close offices or close operations.
