CZ Addresses Bitcoin Concerns, Suggesting Market Volatility Could Precede Future Gains
The post CZ Addresses Bitcoin Concerns, Suggesting Market Volatility Could Precede Future Gains appeared on BitcoinEthereumNews.com.
Former Binance CEO Changpeng Zhao (CZ) reassures the crypto community that Bitcoin remains resilient despite recent market fluctuations. CZ emphasizes the importance of staying calm during market volatility, suggesting that long-term prospects for Bitcoin remain strong. “No need to panic, bitcoin won’t die,” CZ reiterated on social media, reinforcing his belief in Bitcoin’s enduring value. Changpeng Zhao reassures crypto investors: Bitcoin won’t die amid market fluctuations. Recent volatility doesn’t alter long-term potential for BTC. CZ’s Assurance Amid Market Turbulence In light of Bitcoin’s recent 8% decline within the crypto market, CZ took to social media to quell fears regarding the future value of the leading cryptocurrency. He stated firmly that there is no imminent danger for Bitcoin, despite its struggles to maintain prices above the $90,000 mark. He urged the community not to succumb to panic, reinforcing confidence by stating, “Bitcoin won’t die.” This sentiment comes as Bitcoin experienced a brief recovery, gaining approximately 2.23% as it attempted to reach the $89,000 threshold before retracting to around $88,386 at the time of reporting. The fluctuations highlight the volatility inherent in cryptocurrency trading. CZ’s Commitment to Crypto Holdings In a noteworthy tweet, CZ revisited a prediction he made in 2020 regarding perceived market crashes. He creatively recast his earlier statement—expected “crashes” of Bitcoin dropping from $101,000 to $85,000—with a humorous twist to reflect a much higher price target: “from $1,001,000 to $985,000.” This reiteration underscores his confidence in Bitcoin’s potential growth over time. Importantly, CZ revealed that he has **not sold any of his crypto holdings** amid these market shifts, affirming his belief in Bitcoin’s long-term value and stability, contrasting with profits-taking behaviors seen in other market participants during downturns. The Role of Volatility in Bitcoin’s Growth As the discourse around Bitcoin’s value continues, proponent and CEO of JAN3, Samson Mow,…
Filed under: News - @ February 26, 2025 11:26 am