Former Binance CEO Changpeng Zhaoexplained his views on the latest mobility in the crypto money market. According to Zhao Bitcoin $102,702.04Every price decrease before reaching the highest level of all the next time (AC) should be considered as a “dip .. However, Zhao emphasized whether the critical problem would be seen or not, and that only a small number of powerful crypto currencies with long -term persistence and growth potential can accomplish. CONKECKO’S DATA BitcoinIt shows that it declined to $ 98 thousand 467 during the day, and is currently traded for about 101 thousand 933 dollars. Zhao had previously predicted that Bitcoin would reach $ 1 million.
ZHAO’s latest analysis of the crypto currency market
Changpeng Zhao, Crypto Money MarketHe drew attention to the last decline and interpreted it in a normal and even positive language. According to him, given the potential of Bitcoin to make a new peak, the decreases on the road to this summit are inevitable and temporary. This perspective shows that long -term trends should be focused on short -term volatility.
However, Zhao balanced this optimism with an important warning. It did not guarantee that all crypto currencies would rise to new peaks. The emphasis was about being selective. He argued that investors should turn to projects that can maintain their existence and increase their value regardless of the market conditions. This refers to crypto currencies that offer a solid, high and sustainable value proposal.
LAST SITUATION IN Bitcoin
Crypto data platform Coingecko’s real -time data clearly demonstrates Bitcoin’s mobility in recent hours. Largest crypto currency It fell to $ 98 thousand 467 in the last 24 hours. This decline in the price was a reflection of the sales pressure in the market. However, a recovery began at this level and Bitcoin compensated some of the losses at the time of the news was traded for $ 101 thousand 933.
The existing market interpretation of the former Binance CEO is also linked to a very ambitious foresight that it has previously expressed. The long -term expectation is based on the belief that Bitcoin’s value may increase exponentially in the coming years. In this context, Zhao’s past statement that Bitcoin’s price will definitely reach $ 1 million is reminded. This radical foresight puts a wider context of its current definition of “bottom ve and the emphasis that only the most powerful beings will be successful in the long run.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
