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Binance CEO: Cryptocurrency Market Can Grow 1,000% and More

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Ethereum co-founder, Vitalik Buterin says there is no chance we’ll see “1,000-times growth” in the cryptocurrency and blockchain space again.

In fact, he said the surge in blockchain and cryptocurrency industry is now about to hit a “ceiling”.

He says explosive growth in this sector will likely come to an end.

And that people have moved to a stage where a superficial know-how of the space is rapidly growing.  “If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore,” he said.

But that’s not so, according to Binance CEO Changpeng Zhao

Instead, he believes cryptocurrency still has plenty of room to grow by more than 1,000%.

All as cryptocurrencies like Bitcoin and Ethereum reach mainstream adoption.

“I still disagree with this. I will say ‘crypto will absolutely grow 1000x and more!’ Just reaching USD market cap will give it close to 1000x, (that’s just one currency with severely restricted use case), and the derivatives market is so much bigger,” he noted on Twitter.

“You also can’t use traditional market size to measure potential for new technologies or industries. If you used (and people have) taxi market size to estimate Uber’s potential, you would be off by quite a bit.”

Zhao isn’t the only Bull in the Room

Tom Lee of Fundstrat had famously prophecized that BTC “could end the year explosively higher.”  In fact, he says Bitcoin could rally as high as $25,000.

Co-founder of Reddit, Alexis Ohanian also emphasized that the top cryptos will soon be trading at $20,000 and $1,500, respectively.

And Julian Hosp of TenX said he’s “quite confident” Bitcoin will hit $60,000 in 2018.

 

 

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