Boring? Binance Founder Downplays Bitcoin $100K Milestone With A Bold Remark
Boring? Binance Founder Downplays Bitcoin $100K Milestone With A Bold Remark A former executive of the world’s largest cryptocurrency exchange expects that Bitcoin could soar higher than the $100,000 level. Former Binance CEO Changpeng Zhao believes that the firstborn cryptocurrency is capable of hitting a higher price point, following its brief recovery to $100,000 on Tuesday. A “Boring” Level? Bitcoin embraced the new year on a positive note as the crypto recorded a recovery that catapulted it to reach the $100,000 mark. Zhao, who is also the founder of Binance, suggested that the top crypto asset can do better and surpass the $100k price point. “100k is boring, right?” Zhao said in a post, responding to Bitcoin recovery. Investors have seen Bitcoin reclaim its lost glory after hitting $100,000 after the digital asset slid down the key level on December 19, staying below $100,000 for quite some time before gaining momentum to propel it to this milestone level. 100k is boring, right? — CZ 🔶 BNB (@cz_binance) January 7, 2025 Bitcoin Destined To Reach New Heights Zhao, popularly known as CZ, asserted that Bitcoin is far more capable of reaching a price point beyond $100k. Hence, the former crypto firm executive was not surprised with BTC making a comeback and surging in the last 24 hours. The ex-Binance CEO’s post on X sparked excitement among members of the cryptocurrency community as Zhao’s post suggests that BTC prices could go up. BTC is currently trading at $95,238. Chart: TradingViewLast month, Bitwise executive Matt Hougan predicted that the bullish run for cryptocurrency would still gain momentum until 2025. Hougan expects that other top crypto assets would soar in price such with Bitcoin leading the charge. Hougan believes that BTC could reach as high as $200,000 before the end of 2025, claiming that inflows from the Bitcoin ETFs could fuel the demand from corporate entities. This, as a result, would increase their exposure to the premier crypto asset. Positive Sentiment Continues Zhao has a positive outlook for cryptocurrencies, saying that 2025 would be a “send it’ year” for digital assets. According to analysts, the term ‘send it’ is being used when there is excitement surrounding cryptos brought by soaring prices. If you ever wondered why people tweet 4, it came from this tweet 2 years ago today. In hindsight, should’ve made “4” the “0”th point. 😂 2025 will be a “send it” year. https://t.co/6f27u0mYez — CZ 🔶 BNB (@cz_binance) January 3, 2025 Other market analysts agree that digital assets would experience a surge in their prices in 2025, which would be driven by crypto adoption from institutional investors and national governments. Although the former Binance CEO believes in Bitcoin moving past $100,000, Zhao did not provide a price prediction for the year. However, there were occasions that Zhao hinted that Bitcoin could be traded at $850,000 per coin. Featured image from Getty Images, chart from TradingView Christian Encila They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one. Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.