Hong Fang, CEO of Okcoin, maintains her target of $100k Bitcoin by year-end.
Speaking to David Lin, anchor for Kitco News, Fang said that the adoption rate of Bitcoin has steadily increased, and the price is bouncing back from its consolidating period.
“In the past six months, it has been in a pullback, or consolidation mode, from a price perspective. But, if you look deeper into the ecosystem, there are a lot of positive things going on for Bitcoin. There is further de-risking for the network. If you think about the minor exodus from China, which sent a huge wave of shock through the Bitcoin ecosystem and further to the whole crypto world earlier this year around May, that seems to be over. The Bitcoin network has recovered from that. The hash rate, actually, got back almost to all-time highs without any third-party intervention, it just naturally got back,” she said.
Okcoin is offering products in the GameFi space, a platform that combines DeFi and NFTs to offer gamers an opportunity to earn cryptos while playing video games.
To learn more about GameFi, as well as Fang’s views on Ethereum, watch the video above. Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV).
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
