web3.0Bitcoin (BTC) Will Continue to Grow Despite the 'Bitcoin Is Dead' Articles, Says Binance Founder CZBitcoin (BTC) Will Continue to Grow Despite the 'Bitcoin Is Dead' Articles, Says Binance Founder CZ
Binance founder Changpeng 'CZ' Zhao responded to those who say Bitcoin is dead. In posts on social media, he said that Bitcoin will continue to grow.
Binance founder Changpeng ‘CZ’ Zhao addressed the narrative surrounding Bitcoin's demise. Taking to social media, he shared insights into Bitcoin's continuous growth trajectory.
On X, Zhao shared a link to the "Bitcoin is Dead" website, showcasing over 380 articles claiming Bitcoin's death. These articles, spanning several years, highlight the persistent negativity toward Bitcoin. Despite this narrative, Bitcoin's growth has solidified its status as the most popular crypto asset.
notably, Bitcoin's market capitalization reached new heights, now on par with silver. According to CoinMarkeCap data, Bitcoin was trading at $89,452 with a trading volume of $135 billion yesterday. This update on Bitcoin's market cap performance attracted both institutional and retail investors.
Relative: Binance's CZ Advice as Bitcoin Hits $77K: “Ape Slowly”
Tracking Bitcoin Price History Chart
Throughout Bitcoin's history, many have predicted its failure. A chart shared by CZ showcased Bitcoin's price journey from its launch. The chart notably depicts how some individuals predicted Bitcoin would drop to zero or $10 per coin during periods of price decline.
Bitcoin faced challenges in terms of its viability in 2011, 2014, 2018, and 2020. However, after each price drop, Bitcoin experienced recovery, reaching a price of over $60,000 by 2021.
CZ Warns to Ape Slowly as Bitcoin Surges Past $89K
Despite Bitcoin's recent surge, Changpeng Zhao advised caution. Highlighting the crypto market's volatility, Zhao warned against greed.
Relative: Bitcoin (BTC) Bull Rally Now Surges Past Silver by Market Cap. Could Bitcoin Soon Flip Gold, Hitting ATH en Route?)
Bitcoin's price surged to a new all-time high, but CZ warned investors that such gains could be followed by periods of downswing. He advised a cautious approach, emphasizing the need to prepare for fluctuations.
Additionally, CZ advised investors to "ape slowly," highlighting the quick decisions that can arise during market highs.
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