world’s largest cryptocurrency Changpeng Zhao (CZ), CEO and founder of the exchange Binance, said in a statement. Bitcoin (BTC) got a fix on the price.
Binance CEO Changpeng Zhao Hints at Bitcoin’s Historical Price Change
In his statement on Twitter, CZ first evaluated the price of Bitcoin from a historical perspective. According to the founder’s share, BTC, which was $ 0 when it was released in 2009, climbed to $ 14 in 2013, $ 1,013 in 2017 and $ 34,000 in 2021.
Talking about this cycle, CZ argued that historically, the Bitcoin price has added two more figures to it by “100x” every four years so far. Based on this statement, CZ may expect a price of more than $ 1 million in 2025 according to its own formula.
ETH out ran BTC in % growth after it came into being. BNB out ran both in % growth after it existed. But market cap is still smaller. Grandpa wins in market cap. 😂
— CZ 🔶 Binance (@cz_binance) March 25, 2023
However, CZ said in his statement that historical events cannot predict the future and that this statement is not a prediction. In addition, he stated that his statement did not contain an investment advice.
Binance CEO also responded to a follower’s comment about BNB. The follower said that BNB also has a good history and thinks it can have a good future. In response to his follower, Binance CEO made the following statement:
“ETH has outpaced BTC in percentage growth since it came out. BNB surpassed both in percentage growth after its launch. But the market cap is still smaller.”
At the time of this writing, the total market value of Bitcoin is approximately $ 530 billion, while the market value of BNB is around $ 51 billion.
*Not investment advice.
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