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

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How will China’s involvement shape Bitcoin’s trajectory to $1M by 2028?

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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.” 

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. 

 

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Ishika is a graduate of Political Science from the University of Delhi. From writing content as a hobby to now pursuing it as a professional career, she has been living and breathing content all her life. Her interests lie in making sure articles are very digestible to a common reader, despite all its technicalities and jargons.
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