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Ex-Binance CEO CZ Updates His Recent Bitcoin Statement as BTC Tops $105,000
In a recent tweet, Changpeng Zhao (CZ), the former CEO of Binance, has updated his previous statement on Bitcoin’s (BTC) future. As Bitcoin reaches a new all-time high of over $105,000, the crypto community is eagerly waiting for CZ’s thoughts.
It was just a few days ago that CZ made headlines by stating that he doesn’t believe in Bitcoin reaching such astronomical prices. In his tweet, he emphasized that he has always maintained a bearish stance on BTC and has never been overly optimistic about its potential to reach new heights.
However, with the current market conditions and Bitcoin’s unprecedented surge to over $105,000, CZ seems to have had a change of heart. The former CEO of Binance took to Twitter once again to update his previous statement, acknowledging that he was wrong in his earlier predictions.
In his tweet, CZ said:
“I’ve been saying I don’t believe in #Bitcoin reaching these prices… but it seems I was wrong. As we approach the new all-time high, I have to admit that I’m impressed by the resilience and determination of the Bitcoin community.”
CZ also went on to emphasize that he still maintains his original stance that Bitcoin is not a store of value like gold or other assets. He also reiterated his earlier warnings about the risks associated with this market.
The crypto community has been quick to respond to CZ’s tweet, with many praising him for acknowledging his mistakes and showing respect for the decentralized nature of Bitcoin.
This sudden change of heart from CZ may have sparked some curiosity among enthusiasts, as it raises questions about the Binance CEO’s views on the future of cryptocurrency markets.
Source: u.today
