Changpeng Zhao (CZ), the founder and former CEO of the world's largest cryptocurrency exchange Binance, may have given a clue about the level he expects in the Bitcoin price in the coming period in his statement on the social media platform X.
CZ reshared a post he made in 2020, in which he humorously stated that newspapers could claim that the price of Bitcoin would “collapse” from $101,000 to $85,000 in the near future. At the time, the price of Bitcoin was trading well below $100,000, and the $100,000 level was touted as utopian.
Today, CZ, after resharing this post from five years ago, adapted a similar post this time according to today's conditions. The Binance founder said that he was waiting for newspapers to report that the Bitcoin price had crashed from $ 1,001,000 to $ 985,000. He suggested that this tweet be saved by users.
This has fueled claims that CZ is targeting a BTC price of around $1 million in the coming period. At the time of CZ’s tweet in 2020, the BTC price was trading around $20,000, and since then Bitcoin has increased approximately fivefold. The $1 million target would require a proportionally higher increase of 10 times.
On the other hand, today, with Donald Trump reigniting the customs tax debate, there was a decline in almost all markets along with BTC, and the BTC price fell below $ 87,000.
*This is not investment advice.
