Changpeng Zhao, CEO of Binance, the world’s largest cryptocurrency exchange, criticized some speculative and misleading headlines on Twitter that are claiming that Bitcoin is a bubble.
CZ, quoting a news article titled “Is the Bitcoin Bubble About to Burst” shared in a news source, criticized these headlines after every sudden drop in BTC price and commented “here we go again”.
In particular, some major foreign media outlets have been throwing such headlines in the past with every sudden drop in the BTC price, and this has become a subject of ridicule among the cryptocurrency community.
“Is the Bitcoin Bubble Bursting” News in Traditional Media Has So Far Signaled a Bottom in BTC
Binance CEO CZ also hinted that he wondered where such headlines were left after the decline and that this news came as expected.
The most striking part was that Zhao said that such news was a sign. There is a view in the cryptocurrency market that such “bubble” news signals that a bottom has been reached in the BTC price. Changpeng Zhao was probably referring to this. Zhao stated that such news “marks to a point”.
yeah, for this one, I was actually waiting for these titles.
It usually marks a … point. 😂
— CZ 🔶 Binance (@cz_binance) August 19, 2023
*Not investment advice.
