As Bitcoin Reaches New All-Time High, Binance's CZ Makes Fun of Those Who Say "Bitcoin is Dead"

As Bitcoin continued to rise, contrary to predictions of its demise, former Binance CEO Changpeng "CZ" Zhao spoke to Bitcoin's detractors on Tuesday, bolstering the cryptocurrency's resiliency.

The Unwavering Support for Bitcoin Despite Doubts
Many publications have predicted Bitcoin's demise during market downturns, adding to the cryptocurrency's long history of criticism.


According to CZ's cited "Bitcoin Is Dead" website, 385 articles have been published since 2010 predicting the demise of Bitcoin, yet the cryptocurrency has actually seen growth.

The site has reports that follow the history of Bitcoin, beginning when its value was one cent and ending in June 2022 when it was worth twenty thousand five hundred dollars.


Source: BuyBitcoinWorldwide, a repository of "Bitcoin is dead" assertions
The upward surge in Bitcoin value after Trump's election validates CZ's prediction.


Although Bitcoin has retraced to roughly $87,000 as of press time, it is still showing a 25% rise for the week. Earlier today, it was close to $90,000.

Renewed investor interest has propelled Bitcoin's comeback from a fall earlier this year, which has led to this increase.

The cryptocurrency's price increased to almost $65,500 after CZ's September 27 release from the Lompoc II jail camp in California.

Experts predict that Bitcoin's value might soon surpass $150,000, proving its detractors wrong and solidifying its place in the international monetary system.

The Importance of Binance in Bitcoin's Rapid Ascent
The cryptocurrency ecosystem has also revolved around Binance, a key player in Bitcoin's acceptance and maintenance.

Bitcoin trading and asset management have become more popular on Binance, the biggest cryptocurrency exchange in the world.


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