Zhao Dong, a well-known bitcoin (BTC) billionaire in China, recently predicted that the bitcoin price will surge to $50,000 within the next three years. Dong, who reportedly owns a stake in digital asset exchange, Bitfinex, said that it is currently a good time to buy BTC as he believes the flagship cryptocurrency’s price will appreciate in the coming years.He explained through a post on Chinese microblogging website, Weibo: “Perhaps Bitcoin price will continue to drop even lower,and it may fall up to 50 percent. But it is still worth steadily acquiring coins every time it hits a new low. You possibly see a yield of 100 to 200 percent in 3 years.”
