Bitcoin Rally Won’t Stop At $20,000, Says OKEx Exec

Amid the bull run that is seeing Bitcoin (BTC) creep closer to the $10,000 mark, several industry insiders have made realistic, and bold, predictions about where the price is going. Tim Draper continues to stick to his prediction of BTC reaching $ 250,000 by 2023, while Mike Novogratz of Galaxy Digital sees BTC hitting $20,000 in 18 months.

OKEx CEO, Andy Cheung, has also made a statement on that $20,000 prediction, saying that the figure is “conservative”,

$20,000 is a conservative prediction for [the] bitcoin price in 2019, as I said last year. The rally won’t stop here because more institutional investors are coming into the market, and the 2020 halving effect starts to take place. We are thrilled to witness such [a] bullish trend, and I look forward to a new high the bitcoin deserves. Bitcoin is not just a coin but a spirit that hinders the crypto-industry.

OKEx, which has a focus on fiat, recently expanded its OTC desk by adding the Thai Bhat and the Great British Pound.