Binance Founder CZ says Bitcoin is still in a dip.
"If you 'missed' the previous dips, there will be dips in the future too. And we are still in one now."
Binance founder Changpeng Zhao (CZ) recently stated that Bitcoin is still in a dip, encouraging investors to remain patient and seize future buying opportunities. According to CZ, Bitcoin's price fluctuations are normal, and dips are inevitable before hitting new alltime highs.
Current Bitcoin Price:
Current price: $118,235.01
Percent change: 6.67% increase
Current trading range: $118,235.01 (high: $118,869.98, low: $110,500.00)
CZ's comments reflect his longterm perspective on Bitcoin's growth, predicting it could reach $500,000 to $1 million this cycle due to increased adoption by institutional investors, hedge funds, and governments. He emphasizes that wealthier countries will likely invest heavily in Bitcoin first, driving up the price.
Key Predictions:
Bitcoin's Price Trajectory: CZ believes Bitcoin will continue to experience dips, but its price will surge in the long term, potentially reaching $1 million.
Country Adoption: Rich countries will likely invest in Bitcoin first, causing the price to rise sharply.
Other Expert Predictions: Other experts, such as Jack Dorsey and Cathie Wood, also predict significant growth in Bitcoin's price, with potential targets of $20 trillion market value by 2030 or $1.5 million by the end of the decade.