#BinanceMegadropSolv #BTC100KTrumpEffect $DYDX $IQ $IOST

Former Binance CEO Changpeng “CZ” Zhao urges the crypto industry to stay focused.

Over the past few months, Bitcoin has soared to new record highs and surpassed the long-awaited $100,000 mark. Meanwhile, several altcoins have recorded price gains of over 200%. However, according to recent comments from former Binance CEO Changpeng “CZ” Zhao, this is all just a distraction.

“Keep building,” says Binance’s Changpeng Zhao.

Binance co-founder Changpeng “CZ” Zhao stressed that “the price is a distraction,” and urged crypto market participants to “keep building.”

A crypto influencer made the remark in a post on X on Sunday, January 5, in a tongue-in-cheek rehash of Tesla CEO Elon Musk’s comments. As part of a debate with astrophysicist Peter Hague, Musk claimed that humanity was headed straight to Mars, noting that “the moon is just a distraction.”

CZ's play on Musk's words comes at a time when crypto market participants often cite the moon when describing the astronomical price potential of crypto assets.

While the former Binance CEO's statement was lighthearted, it points to the need for the industry to remain focused on building realistic solutions, which will continue to fuel adoption and growth in crypto asset prices as a result.

However, CZ himself remains optimistic about the prospects of the cryptocurrency market.

"Send it a year"

On January 3, CZ confirmed that “2025 will be the year of transmission.”

- advertisement -

“Send it” is a phrase commonly used by cryptocurrency market participants to express excitement when asset prices rise.

There are several reasons why crypto investors should be bullish about 2025. First, the industry is anticipating favorable regulatory conditions under the Donald Trump administration. Global liquidity conditions also look set to improve as central banks continue to cut interest rates.

At the same time, institutional adoption is growing, as reflected in capital flows into the market through Bitcoin and Ethereum exchange-traded products. Several countries are also considering the possibility of launching strategic reserves of Bitcoin.