According to the forecast of the founder of the largest crypto -story of the world of Binance, Changpeng Zhao, the current historical maximum of bitcoin about $ 122,666 may be less than 1% of the cost of the first cryptocurrency.
Zhao is sure that the recent new Bitcoin record is only the beginning of growth. The owner of the Binance control package spoke about his own experience of buying bitcoin in 2014. Three years later, in January 2017, Bitcoin first reached $ 1000, and then this was considered a huge achievement for cryptocurrency. According to Zhao, the current historical maximum bitcoin in the future can also be a small part of the cost of the coin. Zhao is sure that bitcoin will continue to grow and will set new records.
Now bitcoin costs almost 122 times more than its historical maximum of 2017. It took 16 years to overcome the $ 122,000 mark. Thanks to the bull rally, the daily bitcoin bidding increased by 165% and amounted to $ 110.36 billion. BTC market capitalization increased by 3.5%, to $ 2.42 trillion.
The increase in bitcoin is facilitated by the increasing interest of large companies investing in spot exchange funds (ETF) on Bitcoin. The launch of these funds in 2024 attracted corporate investments and increased the demand for bitcoin.
As for altcoins, the former Binance general director does not believe in their prospects. He is sure that most cryptocurrencies will no longer be able to break new records. Recently, Zhao recommended crypto platforms to introduce a “will’s function” so that it would be easier for the heirs to receive cryptoactives from the deceased owners of cryptocurrencies.
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Source: Cryptocurrency
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