What Does Former Binance CEO Say as Bitcoin Falls Below $100K?
As Bitcoin plunges below $100,000 amid geopolitical tensions, former Binance CEO Changpeng Zhao reassures the community that this is merely a dip before the next all-time high.
As tensions between Israel and Iran escalate and the U.S. joins the conflict, Bitcoin has plummeted sharply, dropping to $98,500—its lowest level in months. The crypto market turned red across the board, shaking investor confidence. Yet, Changpeng Zhao (CZ), former CEO of Binance, offered a completely different take: “This is just a dip before Bitcoin reaches a new all-time high.”
From Peak to Plunge: Bitcoin Tumbles Amid Global Unrest
Just a month ago, Bitcoin was soaring, hitting a new all-time high of $111,900, capping off a strong year-long rally. However, escalating geopolitical turmoil—especially in the Middle East—combined with weak macroeconomic outlooks have sent the leading cryptocurrency spiraling downward, triggering panic across the crypto space.
