Changpeng Zhao, co-founder and former head of Binance, clarified his recent statement on Bitcoin as the cryptocurrency experiences new growth.
Background of Zhao's Post
On January 14, Changpeng Zhao posted on the X social media platform about the crypto market opportunities regardless of current prices. At that time, Bitcoin was traded above $94,000 and reached $97,000 by the end of the day. Zhao noted that current opportunities are as vast as those at the beginning of Bitcoin's market rise.
Clarification of the Post
Today, Zhao clarified that his reference to 'today' was not meant for a specific day but as a generalization. He mentioned that even short-term charts aligned with his statement, showing lower Bitcoin prices at that time. To support his point, he shared a CoinMarketCap screenshot showing Bitcoin soaring above $103,500.
View on the Altcoin Market
On January 16, Zhao also commented on the altcoin market, stating: 'What's good for Bitcoin is good for alts.' At the time of writing, Bitcoin was trading at $102,760 per coin.
Changpeng Zhao provided further clarification on his initial statement, emphasizing the opportunities in the crypto market.
