Bitcoin

CZ Binance Sets Timeline for $69,000 Bitcoin (BTC) Price

Changpeng Zhao (CZ), the CEO of Binance, the world’s largest crypto exchange by trading volume, has stated that Bitcoin (BTC), the largest cryptocurrency by market cap, will retest its price all-time high in the long run.

During his recent interview with The Guardian, CZ Binance, who is currently the richest person in the crypto industry, showcased his confidence in the fact that Bitcoin will surpass its all-time high. However, he said it could take a few months or a couple of years.

We Are On Twitter: Follow Us

According to the report, Binance boss said Bitcoin price sentiment depends on perspective.

CZ Binance said:

 “I think given this price drop, from the all-time high of $68,000 to $20,000 now, it will probably take a while to get back. It probably will take a few months or a couple of years.

“$20,000 we think is very low today. But you know, in 2018, 2019, if you told people bitcoin will be $20,000 in 2022, they would be very happy. In 2018/19, bitcoin was $3,000, $6,000.”

Read Also: CZ Refutes Reports Claiming Binance Bought 101,266 BTC at Lower Price, Explains How Media Got It Wrong

Back in November 2021, Bitcoin (BTC) recorded its record high price of relatively $69,000. At the time of filing this report, BTC is trading at $20,908, with a relatively 1% price uptrend in the last 24 hours.

In the course of the conversation, CZ stated that reckless spending during the bull run has now put some crypto projects in a very difficult situation.

CZ Binance added:

“Right now, it definitely feels many projects are in a bind because once you get to an all-time high, all the projects spend money like they were always going to be at that all-time high. So now when it drops it feels like during the winter. But for projects that have conserved cash, we’re still fine, we’re still hiring, we’re still growing.”


Follow us on Twitter, Facebook, Telegram, and Google News

Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

Recent Posts

Why Wait? Access New Tokens in 15 Minutes with Plus Wallet—Here’s How!

As we navigate through 2024, the array of crypto wallets expands, but Plus Wallet has…

14 mins ago

Top Exchange Sparks Discussion On “XRP Unleashed” Documentary

In a recent tweet, Bitrue, one of the leading cryptocurrency exchanges, sparked a discussion regarding…

20 mins ago

Qubetics in the Spotlight: The Documentary That Could Redefine the Future of Blockchain

On October 21, a documentary featuring some of the most influential names in the crypto…

4 hours ago

Bitcoin Holder Awakens After 11 Years of Inactivity, Makes Whale-Sized Investment in Rexas Finance (RXS) Following CoinMarketCap Listing Announcement

In a tale where things were unexpected, excitement-filled news was about a wallet that kept…

8 hours ago

This Week Could Turn Out Really Interesting for XRP Holders. Here’s why

This week could turn out as a significant period for XRP holders, with three major…

8 hours ago

Mediocre Investors Chase PEPE & DOGE’s Short-Term Pumps While Veterans Stick to DTX Exchange Eye-Opening 50x Returns

PEPE and Dogecoin (DOGE) have a history of ground-breaking rallies with triple-digit gains, however, meme…

9 hours ago