Bitcoin recently surpassed 111,000 dollars, attracting attention across the entire cryptocurrency space. Former Binance CEO Changpeng Zhao reacted to this rise by expressing sympathy for those who sold their Bitcoin below 77,000 dollars. His comments following the price surge sparked new conversations in the community.
Binance Founder Reflects on Missed Gains as Bitcoin Reaches New Highs
Zhao, known for his long-term approach, stated that he feels bad for anyone who exited their Bitcoin position before the 100,000 dollar mark, especially those who sold around 77,000 dollars. He noted that traders should check the annual charts occasionally, showing that short-term thinking often leads to regret—especially now when the possibility of seeing 100,000 dollars is fading.
His comments came after a strong surge in Bitcoin prices, pushing the market capitalization to 2.2 trillion dollars, making it the fifth-largest asset in the world, surpassing Amazon.
Zhao previously shared that he entered the Bitcoin market when it was trading at around 600 dollars. Although not an early adopter, he remains steadfast in his strategy focused on long-term impact rather than short-term profits. He has also made it clear that he is not chasing new coins, instead choosing to hold BTC and BNB.
His message is similar to that of another Bitcoin believer, Michael Saylor. The former CEO of MicroStrategy stated on his X page that no one loses money when buying Bitcoin. According to data shared by analyst Crypto Rover, Saylor's strategy has proven effective. His company currently has an unrealized profit of 22.7 billion dollars from its Bitcoin holdings.
Increasing Profits for Whales and Countries
While some may regret exiting early, others are enjoying significant profits. Bitcoin whale James Wynn is currently sitting on an unrealized profit of over 39 million dollars from a high-leverage position worth 1.14 billion dollars. The price increase has benefited him, especially with a long-term 40x buy position.
El Salvador also benefits. The country's Bitcoin investment portfolio, shared by President Nayib Bukele, shows a total value of 677 million dollars. The government initially invested about 291 million dollars. The current unrealized profit is 386 million dollars, an increase of 132%.
Notably, this country has not sold any of its holdings, proving that they remain committed to Bitcoin as a long-term asset. The market sentiment reflects this optimism. The Bitcoin Fear and Greed Index is currently at 72. This indicates strong greed, meaning people are very excited and do not want to miss out. FOMO, or fear of missing out, often leads to more buying—and that can push prices even higher.
Increasing Sentiment and Optimistic Predictions
Analyst Ali Martinez points out the important levels to watch next. As Bitcoin enters the price discovery process, the next major targets are 116,000 dollars, 126,000 dollars, 136,000 dollars, and 148,000 dollars. With no resistance levels in the past above the current level, this coin could continue to rise freely.
There are several reasons why Bitcoin is getting stronger. A key factor is the U.S. government's announcement regarding the Strategic Bitcoin Reserve and Digital Asset Reserve. This implies a more supportive management approach. It also confirms the increasing interest from governments and institutions.
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Institutional adoption is also on the rise, while changes in the global market, such as the U.S.-China trade agreement, continue to create a more stable environment for risk assets like cryptocurrencies.
With all these factors, confidence in Bitcoin's upward momentum continues to grow. Analysts like Arthur Hayes even predict that the price of Bitcoin could rise above 250,000 dollars by the end of 2025. Therefore, if the current upward trend continues, that could become a reality.