The ex-chief of the cryptocurrency exchange colossus Binance, Changpeng Zhao, has explained that he did not auction off any cryptocurrencies during the calamitous collapse that transpired earlier on Tuesday.
Zhao also reminisced about a prophetic tweet he shared in 2020, which precisely foresaw a prospective headline in 2025 concerning Bitcoin’s price diving from $101,000 to $85,000. As stated by U.Today, Zhao is still a very powerful person in the cryptocurrency fraternity, despite being compelled to resign as CEO at the close of 2023. Bitcoin constitutes only a tiny fraction of his possessions. Zhao’s cryptocurrency investment mainly is composed of BNB tokens. He also verified that he has no curiosity in acquiring new cryptocurrencies, including those elegant meme coins. Stoke Therapeutics Shares Drop as Head Leaves
Earlier today, the foremost cryptocurrency plummeted to $86,141, attaining its nadir since November. Be that as it may, Bitcoin is still 19.2% distant from its present record high of $108,786, which signifies it is close to bear market land. However, it has subsequently been able to recoup a considerable segment of its deficits and is presently being traded at $94,519.
The former Binance CEO now anticipates that Bitcoin will ultimately crash from $1 million.
