🚀 CZ's latest statement: Bitcoin has transformed into a reserve asset rather than a transaction currency! 💭

Recently, cryptocurrency analyst Immortal published an analysis article on the market trends of Bitcoin (BTC), pointing out:

📉 BTC on-chain transaction volume is far from recovering to the level of 2021, but some people predict that a bull market is coming. Analysts emphasize that even if transaction fees are high, it does not necessarily mean that a bull market is coming, and this can be clearly seen by looking back at past cycles.

In this regard, Binance CEO CZ gave his own insights:

🧠 CZ responded: "My intuition is that the current high transaction fees and long block times of BTC indicate that Bitcoin is now more like a reserve asset than a transaction currency. A large amount of new funds have flowed into ETFs, and these funds are not reflected in on-chain transactions."

🔄 He added: "Of course, this is just my personal opinion and may not be completely accurate."

📢 Want to know more in-depth analysis of Bitcoin's future development and market trends?

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