The ex-big boss at Binance, Changpeng Zhao, is clarifying things: he didn’t offload any digital currency throughout that wild downturn we witnessed earlier this week.
CZ, as he’s called, remains positive on Bitcoin, even forecasting it might ultimately plummet to $1 million. He even unearthed a previous tweet from 2020 where he precisely predicted a forthcoming headline concerning Bitcoin fluctuating between $85,000 and $101,000 by 2025. Quite remarkable, isn’t it?
Evidently, CZ has the majority of his digital currency fortune invested in BNB, Binance’s personal token, with Bitcoin constituting a smaller portion. And don’t anticipate him to get involved in the meme coin craze anytime shortly – he’s not keen. Despite the fact that he was required to resign as Binance CEO last year, CZ is still a substantial figure in the digital currency sphere.
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Bitcoin experienced a sharp decline earlier, reaching a bottom of $86,141, the lowest it’s been since November. It’s rebounded somewhat, currently exchanging hands at approximately $94,519. However, it still has a distance to travel to achieve its record peak of $108,786 – roughly 19.2% to be precise.
