A recent post on X by Elon Musk has stirred discussions in the tech ecosystem. Part of his post states, "We will go straight to Mars. The moon is just a distraction." This post immediately received a lot of responses, including one from former Binance CEO, Changpeng 'CZ' Zhao.

Elon Musk Triggers Priority Conversation in Cryptocurrency

For those in the cryptocurrency ecosystem, 'the moon' means making huge profits and significant investments.

This concept could prompt Zhao to respond to Musk's tweet. CZ pointed out that the pursuit of price is a distraction. This statement reflects the long-standing position of the Binance founder regarding cryptocurrency enthusiasts changing their priorities.

He is more concerned with getting these entities to focus on the big picture and develop differentiating products. Zhao stated that this is more sustainable and creates more value than chasing short-term market fluctuations.

As cryptocurrency enthusiasts develop sellable products, prices are likely to rise in a natural way.

Before this point, CZ has made it clear that 2025 will be the year of 'send it', in line with his view on the cycle in the cryptocurrency market.

He believes that recovery years and initial bear markets always precede bull market years. CZ, seeking forgiveness from Donald Trump, has classified 2024 as a recovery year and 2025 as a bull market year.

With this in mind, the focus should not be on price and the pursuit of 'the moon'.

Bitcoin Price Drops in 24 Hours

Meanwhile, the prices of quite a few cryptocurrencies have been trading sideways over the past few weeks.

Several factors could trigger this outlook. The first digital asset, Bitcoin (BTC), is trading at $98,320.19 after losing 0.4% of its price within 24 hours. Some analysts believe there will be further declines in the coming weeks.

They warn that Bitcoin's price could drop below $60,000 on January 20, during Donald Trump's inauguration. There have been signs of impending pessimism, including the transfer of over 33,000 BTC, worth $3.23 billion, to exchanges.

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