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CZ Highlights Bitcoin's Long-Term Performance Against Schiff's Critique

CZ Highlights Bitcoin's Long-Term Performance Against Schiff's Critique

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by Nguyen Van Long

43 minutes ago


In a recent discussion at Binance Blockchain Week, Binance CEO Changpeng Zhao (CZ) addressed the criticisms made by Peter Schiff regarding Bitcoin's recent downturn compared to gold. CZ provided a broader perspective on Bitcoin's historical performance, highlighting its long-term growth trajectory, as enthusiastically stated in the publication.

Ценность Биткойна за 16 лет

CZ emphasized that while short-term price fluctuations may attract attention, they are trivial when viewed against Bitcoin's impressive 16-year history. He noted that Bitcoin's value has surged from mere fractions of a cent to over $110,000, showcasing its remarkable resilience and potential for growth.

Увеличение принятия Биткойна

Furthermore, CZ pointed out the increasing adoption of Bitcoin in areas where traditional banking systems are slow or expensive. This trend underscores Bitcoin's utility as a financial asset, reinforcing its position as a viable alternative in the global economy. As more individuals and businesses turn to Bitcoin, its long-term prospects appear increasingly promising.

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