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Bitcoin Sets New Record Above $120,000; Former Binance CEO Weighs In

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by Giorgi Kostiuk

4 hours ago

Bitcoin continues to set records, recently hitting an all-time high of over $122,000. Former Binance CEO Changpeng Zhao shared his thoughts on the significance of this achievement and celebrated the eighth anniversary of Binance Coin.

Bitcoin Reaches New Heights

Bitcoin (BTC) started the new week with records, first surpassing the $120,000 mark for the first time in its history. So far, BTC has set new records, first reaching $121,500 and then exceeding $122,000.

Changpeng Zhao’s Take on Bitcoin's All-Time Highs

Former Binance CEO Changpeng Zhao (CZ) also commented on Bitcoin's recent records. In his post on X, he noted that today's Bitcoin price may seem low in the coming years. CZ reminded investors to consider a long-term perspective, as today’s historical peak may just be a small phase in the future.

After buying Bitcoin in 2014, it took me 3 years to reach the record high of $1,000 in January 2017. We were excited. Now it's just a tiny fraction, less than 1%. Today, you might be excited by the current ATH. In a few years, it will be just a fraction.Changpeng Zhao

BNB's Eighth Birthday and Its Growth

CZ also celebrated the eighth anniversary of Binance Coin (BNB). He noted that BNB started trading at $0.06 but has now climbed to $698, representing over a 10,000-fold increase.

BNB started trading 8 years ago today, its price was $0.06. Today it's $698.00. It's up just over 10,000 times. Happy 8th birthday!Changpeng Zhao

The recent records set by Bitcoin and the anniversary of BNB highlight significant changes in the cryptocurrency market. Changpeng Zhao's thoughts on long-term price perspectives offer investors a different viewpoint on market movements.

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