Zhao is confident that the recent new record of Bitcoin is just the beginning of growth. The majority owner of Binance spoke about his own experience of buying Bitcoin in 2014. Three years later, in January 2017, Bitcoin first reached the milestone of $1000, and at that time it was considered a huge achievement for the cryptocurrency. According to Zhao, the current historical maximum of Bitcoin in the future may also turn out to be a small part of the value of the coin. Zhao is confident that Bitcoin will continue to grow and set new records.

Currently, Bitcoin is worth almost 122 times more than its historical maximum in 2017. To exceed the mark of $122,000, Bitcoin needed 16 years. Thanks to the bullish rally, the daily trading volume of Bitcoin increased by 165% to $110.36 billion. The market capitalization of BTC grew by 3.5% to $2.42 trillion.

The growth of Bitcoin is supported by the increasing interest of large companies investing capital in Bitcoin spot exchange-traded funds (ETFs). The launch of these funds in 2024 attracted corporate investments and increased demand for Bitcoin.#CryptoClarityAct