As
#bitcoin surpassed $100,000 for the first time in its 16-year history, influential figures in the cryptocurrency world, including Binance's former CEO
#Changpeng.CZ.Zhao (CZ) and Coinbase CEO
#BrianArmstrong , shared their perspectives on this milestone. Their reactions highlighted Bitcoinās immense potential and the broader economic implications of its price surge.
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Changpeng Zhao, who recently returned to Dubai after his legal challenges in the U.S., offered a unique viewpoint on Bitcoinās rising value. While others congratulated him on his Bitcoin gains, CZ remained grounded, explaining, āI havenāt made much. I still hold the same amount of Bitcoin, but everything around me has become cheaper.ā His comment underscores the deflationary impact Bitcoin could have on purchasing power, suggesting that, despite the soaring price of Bitcoin, other assets may seem more affordable in comparison.
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Coinbase CEO Brian Armstrong also weighed in on Bitcoinās incredible growth, drawing attention to its past performance. Reflecting on Bitcoinās early days, Armstrong stated that if someone had invested in Bitcoin back in 2012, when Coinbase launched, their $100 investment would be worth over $1.5 million today. He contrasted this with the current state of traditional currency, which has seen its purchasing power eroded by inflation. Armstrong further emphasized Bitcoinās status as the best-performing asset of the last decade, suggesting that the world is still in the early stages of its financial revolution. He called on nations, especially those battling inflation, to build Bitcoin reserves to protect their economic futures.
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#CZ #coinbaseCeo