Bitcoin (BTC) has been talked about for breaking records lately, but it has also been talked about for the sharp decline it has experienced in the last few days.
The latest hawkish signals from the FED have put pressure on financial markets and pulled cryptocurrencies down.
Analysts who stated that the decline in Bitcoin is a correction stated that the latest decline looks like year-end profit taking.
While Bitcoin's recent price movements raise questions among crypto investors, a tweet by former Binance CEO Changpeng Zhao in 2020 became a trending topic again after 4 years.
At this point, CZ's tweet on December 17, 2020, aimed at investors who were worried about the declines in the bull cycle, came to the fore again.
“Waiting for new headlines: Bitcoin crashes from $101k to $85k. Save this tweet,” CZ said in 2020.
When CZ made this post in December 2020, Bitcoin was around $20,000. Afterwards, BTC started a big rally and rose to $64,000 in April 2021. After that, BTC reached ATH by reaching $69,000 in November 2021.
While CZ's tweet partially came true, it remains to be seen whether the declines will continue.
*This is not investment advice.