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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    CryptoPunks Floor Price Hits 3-Year High of $208,000

    NFT sales surge to $574 million in July, second-highest in 2025

    NFT sales surge to $574 million in July, second-highest in 2025

    Crypto Scammer Gets Prison Time for Swiping NFTs, Coins via Hacked X Accounts

    Crypto Scammer Gets Prison Time for Swiping NFTs, Coins via Hacked X Accounts

    CryptoPunks price surges to $200k, $PUNKS loaner Gondi accused of facilitating chandelier bids

    CryptoPunks price surges to $200k, $PUNKS loaner Gondi accused of facilitating chandelier bids

    You Can Now Buy NBA Top Shot NFTs From Vending Machines in Japan

    You Can Now Buy NBA Top Shot NFTs From Vending Machines in Japan

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    Ordinals soar on the back of Bitcoin art – Here are our top 7 picks

    Ordinals soar on the back of Bitcoin art – Here are our top 7 picks

  • Gaming
    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

    PEPE GAMES Integrates with GaFin to Power the Meme Gaming Hub

    PEPE GAMES Integrates with GaFin to Power the Meme Gaming Hub

    A Pressure Group Forced Steam to Remove Adult Games. It’s Coming After Crypto Next

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Home Altcoins

Bitcoin to $1 million by 2028 thanks to China-led surge, predicts exec

March 13, 2024
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Bitcoin to $1 million by 2028 thanks to China-led surge, predicts exec
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CryptoGames now supports Tether (USDT) for deposits and announces partnership with Bitinvestor

Toncoin heats up: What does $398M in trading volume indicate?

In the cryptocurrency world, where each fluctuation sparks intrigue and speculation, Herbert Sim, popularly known as “The Bitcoin Man,” offers a unique perspective on the recent bull run and its potential implications. 

In a conversation with Cointelegraph, Sim emphasized,

“The thing now is the Chinese are actually still in the midst of gearing up. They haven’t even really entered the crypto market yet.”

His insights challenged norms and hinted at complex dynamics shaping the global cryptocurrency landscape. 

How can China help with the Bitcoin boom? 

Sim revealed that the previous three bull runs were predominantly driven by Chinese markets, contrary to popular belief in the West. He asserted, 

“The true past three bull runs were led by Chinese markets, not the Americans. They wished they were the ones but it was actually from China.”

In 2018, Sim’s leadership in Huobi’s native crypto project, the Huobi token (HT), garnered him a surge of Chinese followers. The token’s rapid success, raising 400 million in 13 seconds, elevated Sim’s reputation as “The Bitcoin Man” in China. 

Reflecting on this period, Sim remarked, 

“And because of that, my name as the Bitcoin man became very vastly popular across China. So a lot of OGs in China knew my name.”

With Bitcoin ETFs recently approved, Sim has adjusted his forecasts, now envisioning Bitcoin potentially hitting the million-dollar mark by 2028. 

Addressing those currently in panic mode, Sim offers a word of caution, 

“So those panic selling right now, good luck to them because when the bull run happens, which I’m predicting [at] $148K, they will all be left behind.”

Sim’s chinese bull run confidence

Sim’s bullish outlook on Bitcoin [BTC] stems from his confidence in China’s potential to spearhead the next bull run. Notably, the number 148 carries cultural significance in Chinese tradition, symbolizing “a lifetime of prosperity.” 

See also  'All in Bitcoin' - Here's what this exec's vision of the future is

Despite his bold prediction, Sim maintains a measured approach, preferring caution over wild memecoin forecasts.

While he expresses confidence in Bitcoin’s potential to reach seven figures, his pragmatic approach underscores his level-headed perspective on the market’s dynamics. 

 

Next: Why MakerDAO’s Endgame is a ‘new’ MKR and DAI
Tags: BitcoinChinaledexecmillionPredictsSurge

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How to Earn Keys to Boost Your HMSTR Airdrop

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Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

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Cardano finishes 1st on this front, but what about ADA?

Cardano finishes 1st on this front, but what about ADA?

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NFT sales rise 16.1% to $96.1m, Bitcoin network dethrones Solana

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Zimbabwean Miner Launches Blockchain-Based Gold Tracking System

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