Bitcoin surged to record highs as long-term speculators heeded advice to view each dip as a buying opportunity, driving momentum in the context of strong institutional and macro trends.
Bitcoin regains its all-time high as CZ predicts the price will continue to decline.
The cryptocurrency market is showing new strength as Bitcoin approaches record levels, prompting veteran experts to reshape the current price as the next buying opportunity. Binance founder and former CEO Changpeng Zhao (CZ) stated on social media platform X on July 11 that, despite the price surge, investors should still view this phase as a long-term accumulation opportunity. He advised:
If you have "missed" previous dips, there will be dips in the future as well. And we are still currently in a dip.
Zhao pointed out the fundamental contrast between traditional monetary systems and the fixed supply of bitcoin, stating: “There is no limit to mathematical numbers or the printing of fiat money, only a limited amount of bitcoin.”
He emphasized that price milestones should not distract from the underlying market cycle, reinforcing the common mindset among long-term investors: “Remember that, by definition, everything before reaching the next ATH [all-time high] is a bear market.”
While Bitcoin approaches its previous all-time high, some investors view the price increase not as a signal to wait, but as confirmation of Bitcoin's continued relevance in an inflation-prone macro environment. Zhao's comments reinforce the argument that scarcity and decentralization continue to bolster Bitcoin's investment advantage.
Cryptocurrency market advocates argue that recent strength confirms structural advantages: increasing institutional interest, declining trust in fiat monetary systems, and the expanding role of cryptocurrencies in global finance. Meanwhile, critics warn of price volatility and overlapping regulations. However, supporters argue that disciplined accumulation - even during bull runs - has historically outperformed reactive strategies tied to short-term fluctuations.
Many analysts and investors have made optimistic forecasts about Bitcoin's price trajectory, including Bitwise's Chief Investment Officer (CIO), Matt Hougan, who sees stable institutional demand and limited supply pushing Bitcoin to $200,000 by the end of the year. Standard Chartered also predicts BTC will reach $200,000 in Q4 thanks to capital flows from ETF funds and policy-driven factors. Others, including Robert Kiyosaki and Arthur Hayes, predict Bitcoin's price will grow long-term to $1 million per coin, citing macro liquidity expansion and structural changes in the digital asset market.
