In a recent post on social media platform X, Changpeng Zhao (CZ) – co-founder of Binance – expressed strong belief that the price of Bitcoin will rise much higher than its current peak. According to CZ, the record price that Bitcoin is experiencing today may become 'meaningless' in the future – similar to how past ATHs were once considered great but are now just small figures.

Celebration of the Whale and Market Changes

CZ shared that he bought Bitcoin in 2014 – a time when this digital currency was not well known – and held it for three years, until BTC first surpassed the $1,000 mark in 2017. At that time, the entire cryptocurrency industry viewed it as a great achievement.

However, just under a decade later, that $1,000 price is now only 1/122 of Bitcoin's current value. According to data from TradingView, at the time this post was published, BTC was trading around $122,156, reflecting tremendous growth in value throughout the development of this currency.

The Boom Thanks to Institutional Money Flow

One of the factors changing the market landscape, according to CZ and many experts, is the wave of institutional investment. The U.S. Securities and Exchange Commission (SEC) approving a series of spot Bitcoin ETFs at the beginning of 2024 has become a strong impetus for Bitcoin to enter a new growth cycle.

This event not only helps reinforce investors' confidence in the legitimacy and safety of Bitcoin but also attracts billions of USD from major global financial institutions – those who were previously on the sidelines of the cryptocurrency game.

Since the ETF was approved, the price of Bitcoin has increased by more than 215%, an impressive figure amidst ongoing volatility in the global financial market. Notably, this past Monday morning, Bitcoin set a new peak at $122,604 – an unprecedented historical high.

BTC Still Not at Its Peak?

Although Bitcoin has set a new record, many analysts, including CZ himself, believe that this is not the final limit. With countries and major organizations continuing to expand their acceptance of cryptocurrency, combined with the increasingly scarce supply of Bitcoin (due to the halving mechanism), many experts believe that BTC will continue to break new price peaks in the near future.

CZ concluded: 'What we are seeing today may seem very small when looking back in a few years. Bitcoin always has a way of surprising people.'

Conclusion

Bitcoin has come a long way – from the dreamy price of $1,000 in 2017 to a peak of $122,000 in 2025. However, from CZ's perspective and that of long-term investors, BTC's journey has only just begun. The increasing participation of institutional money and broader global adoption could usher in a new era for cryptocurrency – where today’s ATH is merely a modest starting point.