Binance CEO, Changpeng Zhao, has dismissed cryptocurrency fear of missing out (FOMO), as he believes we are still at the beginning of Bitcoin revolution. Zhao made this statement on Friday, February 8, during an interaction on Twitter.
It is never too late to venture into crypto
Changpeng Zhao encourages those who believe they have missed out on the cryptocurrency bandwagon to enter the market. He believes that the Bitcoin revolution is still at its early stage and that it is not too late to enter.
Zhao made the statement in response to a Twitter user who said he wished he had ventured into the crypto market in 2013 when Bitcoin and blockchain technology were still relatively unknown. Zhao, however, had encouraging words for Twitter users.
That's exactly what I thought back in 2013, "damn, I am too late. I wish I started early like those other guys." and I will say the same thing I heard back then. We are still early, the beginning of the beginning.
— CZ Binance (@cz_binance) February 9, 2019
In his response, Zhao also said he had the exact same thoughts back in 2013. However, he did not relent and ended up founding one of the biggest cryptocurrency companies in the world.
In 2013, the Bitcoin price fluctuated between 13 USD and 947 USD. Since then, the leading cryptocurrency has experienced massive growth. In 2017, BTC price reached an all-time high at 19,800 USD but has been on a downward spiral since then.
The bear market has affected the price of Bitcoin, which now trades close to the 3,700 USD mark. Despite the bear market affecting the prices of cryptocurrencies, several market experts believe that Bitcoin and other cryptos will perform excellently this year.
Crypto Heroes reported earlier that the founder and CEO of BKCM LLC, Brian Kelly, believes that Bitcoin’s issues would be resolved over time, thereby fostering confidence amongst its users. Given Bitcoin’s growth potential, he further suggested that at least one-fifth of an investor’s portfolio should incorporate cryptocurrencies.
Spencer Bogart, a partner at Blockchain Capital, is expecting an increase in institutional participation within the cryptosphere, leading to a rise in Bitcoin price.
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