Changpeng Zhao, known as CZ and the former CEO of Binance, urged investors to view Bitcoin as a promising asset amid its price rise to a new all-time high.
CZ Calls for Long-Term View
In light of Bitcoin's recent price surge, Changpeng Zhao strongly encourages investors to see current market conditions as an opportunity to accumulate. He noted that the current Bitcoin price is already a 'dip' and a buying opportunity before the next all-time high. 'If you missed the previous dips, there will be dips in the future too,' he wrote.
Support for Bitcoin's Bullish Trend
CZ emphasizes that Bitcoin's limited supply is a key factor supporting its bullish trend. With a maximum cap of 21 million BTC, Zhao is confident that Bitcoin will continue to increase in value, unlike fiat currencies that can become devalued due to inflation or excessive printing.
Current Market Situation
As of press time, Bitcoin's price is $117,995.80, reflecting a 6.01% increase in the last 24 hours. Trading activity has increased, leading to a 91.73% rise in trading volume, totaling $118.74 billion.
Changpeng Zhao encourages investors not to miss opportunities in the current market conditions, emphasizing the importance of a long-term view on Bitcoin as a high-potential asset.
