Former Binance CEO CZ reminds crypto community of long-term BTC potential.
He talks about how it took years for BTC to hit $1,000.
One day, he says that the current ATH will seem small too.
The price of Bitcoin is smashing past new ATH prices in an explosive upward price movement. In detail, the price of BTC has been setting new ATH prices in a matter of hours, leading to the pioneer crypto asset’s highest weekly close yet. Amid the string of new Bitcoin ATHs, the Former CEO of Binance, CZ reminds crypto community of the long-term potential of Bitcoin (BTC).
CZ Reminds Crypto Community of Long-Term BTC Potential
The price of the pioneer crypto asset, Bitcoin (BTC), just set a string of new ATH prices, shooting from the $113,000 - $114,000 to the $118,000 - $119,000 price range. The latest of these new ATH prices has brought BTC to the new ATH price of $122,500 ATH targets. Indeed, this is an extremely exciting time for BTC holders, and analysts now expect the next bull target price range for BTC to $130,000.
This has been a long and patient wait for most BTC holders. After all, Bitcoin’s early pump this cycle led to early ATH prices, which led to a quarter-long correction phase delaying this ongoing bull cycle’s altseason peak phase. However, on the plus side, this also gave retails, whales, and institutions plenty of time to accumulate Bitcoin and other promising altcoin assets as well.
https://twitter.com/Cointelegraph/status/1944626799389868537
Amid the ongoing BTC pump and new ATHs excitement, the Former CEO of Binance, Changpeng ‘CZ’ Zhao, makes a grounding statement that reminds the crypto community of the long-term potential of Bitcoin (BTC). As we can see from the post above, CZ say that buying Bitcoin in 2014, it took 3 years to reach $1,000 ATH in 2017— now that's just a small fraction.
Altcoins Prepare to Follow Bitcoin's Lead
In addition, he states that today, one might be excited by the current ATH. In a few years, this will be just a fraction, too. His words truly resonate with long-time holders who have been buying, holding, selling, swapping, and trading BTC for over a decade. These traders know how important timing and patience are in a market as volatile as the crypto market. Bitcoin will eventually go higher, so it is important to make firm decisions when holding BTC.
https://twitter.com/TedPillows/status/1944039724294836631
Meanwhile, expectations for altcoins to flourish have started to look even greater. Based on the post above, this analyst states that BTC has hit a new ATH and is holding well, signaling that bulls are in control and will soon start to focus on altcoins next. Looking at the altcoin market cap chart, it has now reached a very crucial resistance level. Given BTC and global market strength, altcoins could break through this resistance level, meaning 20%-30% daily gains become the norm, once the event occurs.
