Zhao Dong expects that the market will start recovering in 2020. Bitcoin may hit $50,000 in 2021. The cryptocurrency market will start growing in 2020 and soon refresh the all-time high, according to the Chinese OTC trader and Bitcoin billionaire Zhao Dong. Speaking at WeChat, he said that the crypto spring would not come this year. Still, he believes that the best strategy is to buy and hold. That’s how he explained the rationale behind the strategy: “In the bull market, I don’t persuade people to buy Bitcoin, because it seems natural to make quick money but in fact, it is not. Now [in the bear market], I start to talk people into buying Bitcoin.” He said the now fewer people are interested in what’s going on with the cryptocurrencies than during the bull market of 2017, which is quite natural. “For most people, if they don’t pay attention to Bitcoin now, they won’t pay much attention to most of the time, so for them, only how many tens of thousands of bitcoins will break them will be noticed again. If you and I believe in the future of Bitcoin, so it is best to hold as much as possible when nobody cares,” he said. According to Dong, 2019 will be a quiet year for the industry, without significant shocks. However, the prices will start growing in 2020, while Bitcoin may hit $50,000 in 2021. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/CAD tumbles to lows near 1.3250 on crude gains FX Street 4 years Zhao Dong expects that the market will start recovering in 2020. Bitcoin may hit $50,000 in 2021. The cryptocurrency market will start growing in 2020 and soon refresh the all-time high, according to the Chinese OTC trader and Bitcoin billionaire Zhao Dong. Speaking at WeChat, he said that the crypto spring would not come this year. Still, he believes that the best strategy is to buy and hold. That's how he explained the rationale behind the strategy: "In the bull market, I don't persuade people to buy Bitcoin, because it seems natural to make quick money but in fact, it… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.