Bitcoin

The cryptocurrency world is buzzing as Bitcoin finally reached a groundbreaking milestone, <a href="https://www.cryptotimes.io/2024/12/05/bitcoin-surges-past-100000-creates-history/" target="_blank" rel="noreferrer noopener">surpassing the $100,000 price</a> point for the first time in history. After a remarkable 9.25% surge within 24 hours, Bitcoin hit a new all-time high of $102,823, cementing its position as the leader of the digital currency market. 
While many investors celebrate massive profits from the price surge, Changpeng Zhao, the former CEO and co-founder of Binance, admitted in a tweet that he was not one of them. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img decoding="async" width="401" height="177" src="https://www.cryptotimes.io/wp-content/uploads/2024/12/cz.png" alt="CZ tweet" class="wp-image-220661">
 <figcaption class="wp-element-caption">
 Source: <a href="https://x.com/cz_binance/status/1864549839498850700?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1864549839498850700%7Ctwgr%5Ed2d69a93022eee24b96de9878e86ab1c5cb845fd%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fu.today%2Fmade-lots-of-money-on-bitcoin-at-100k-ex-binance-cz-no-not-exactly" target="_blank" rel="noreferrer noopener nofollow">X</a>
 </figcaption>
 </figure>
</div> 
CZ mentioned that he has the same amount of BTC, not comparing its value to the current market price in dollars. He said that as BTC price is going up, everything else becomes cheaper compared to it. 
Here, what CZ is saying that whatever price BTC reaches, its value must be understood regardless the market price. People who truly embrace Bitcoin often neglects to accept its market price, although its important but they believe Bitcoin as a standard currency. 
Coincidentally, Binance Coin itself also achieved new heights, reaching a fresh all-time high of $793 earlier this week. 
As Bitcoin continues to rise, it remains to be seen how other altcoins will perform in this new market landscape, and whether CZ will make any changes to his Bitcoin position in the future. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/12/05/it-was-put-in-who-gave-little-push-in-for-btc-to-hit-100k/" target="_blank" rel="noreferrer noopener">It was “Put-in” who gave little push-in for BTC to hit $100K</a> 
</blockquote>

CZ Says “No profit” but everything is cheaper to Bitcoin now

The Crypto Times

Other articles published on Dec 5, 2024

Bitcoin Surpasses $100,000 Mark in Watershed Moment for Digital Assets

Andromeda Partners with Deep3 Labs to Integrate Advanced AI Models for Web3 Developers (5 Dec)

Goodbye Gensler, Hello Atkins: What This Means for Your Crypto Investments

Best Meme Coins to Join This Week: BTFD Presale Soars with $900K Raised While Pepe Hits $10B Mark...

MicroStrategy’s Bitcoin Strategy Yields $17 Billion in Unrealized Profits

Wish You Bought XRP Early? Meet the Best Crypto to Buy in December 2024 and Strike Gold!

Join our free newsletter for daily crypto updates!