Yesterday, Binance CEO Changpeng Zhao (CZ) warned that shorting Bitcoin right now wasn’t a good idea. However, a crypto whale is confident that the #1 coin will drop below $8,000 by the end of August.
Crazy 10 BTC Bet
Binance boss told crypto investors not to bet against Bitcoin. He hinted that the coin was in the middle of a rally that hasn’t reached its culmination yet.
This is not financial advice, but you can slap yourself a little harder now.
— CZ Binance (@cz_binance) August 6, 2019
On Monday, Bitcoin started the day below $11,000. Now the coin is trading at around $11,820 as at 11:30 GMT, after hitting a daily peak at $12,273, according to Coinmarketcap data.
While the fundamentals are pointing to a continuation of the Bitcoin uptrend pushed by troubles in the traditional financial world, a crypto whale thinks otherwise. Twitter user @BitKrabs replied to CZ that he was ready to send him 10 BTC if the price doesn’t drop below $8,000 by the end of this month.
Don’t bet against bitcoin?
Okay, well i disagree,
… if it doesn’t crash back below 8k this month, I’ll personally send you 10 BTC.
— Kra₿₿y 🦀 (@BitKrabs) August 6, 2019
10 BTC is worth $118,000 as of now, so the bet is daring to say the least.
@BitKrabs claims to be a crypto whale and Bitcoin fund manager. He elaborated on his price outlook for August in a separate tweet: