Quote from: stomachgrowls on February 17, 2019, 04:04:28 AM

Co-founder of crypto mining pool Poolin, Zhu Fa, took to social media to share his bullish statement that Bitcoin will surge up to 20,000% in the next bull run.

According to News.8BTC, the Chinese Bitcoin bull predicted that the world's number one cryptocurrency would surge to all-time-highs of roughly $740,000, during the next bull run.

Despite the ongoing bear market, the operator of the worlds fourth-largest mining pool said that the price of Bitcoin 'will be in the range of $74,000 to $740,000.'

However, Zhu Fa couldn't be specific in regards to a given time frame, except by saying 'next round of bull run'.

Source: https://www.chepicap.com/en/news/7476/-bitcoin-will-hit-740-000-despite-crypto-winter-says-chinese-crypto-guru.html?utm_campaign=cryptocontrol.io&utm_medium=cryptocontrol_web&utm_source=cryptocontrol.io

Too exaggerated prediction.It would even hard to tell surpassing previous ATH on next bull run.

Exactly. I'd expect the next bull market to come somewhere around 2020-2021, due to the fact that there is likely to be a lot of hype surrounding the halving event.

However, there is absolutely nothing that suggests to me prices are going to go up that much higher than it was in the 2017 bull market. It should be obvious that it's harder to make bigger percentage gains when markets have already matured and increased in total market cap, as there needs to be more money in the market to get prices up.

As you say, given the fact that 2017's bull market was a huge event, it could be entirely possible that we don't even hit an all time high on this bull market. But more importantly though, I wouldn't ever listen to someone speculate on something without something to back it up, or even a specific timeframe.