LRCO-NFT
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The crypto market just saw a jaw-dropping event unfold!
A massive long liquidation of $4.16 million at a staggering price of $0.20526 for $LRC !
This is a brutal reminder of just how quickly things can shift in the blink of an eye.
Traders who were riding high have been blindsided as the price plummets, triggering a wave of liquidations that’s leaving the market in chaos. $LRC
The intensity is unreal as the selling pressure floods in, shaking out anyone who was too leveraged.
This kind of volatility is exactly why the crypto world is never boring!
If you weren’t paying attention, you just missed one of the most thrilling moments in recent history.
Strap in, the ride isn’t over yet—what happens next could change the game completely!
#LRCO-NFT
#BitwiseBitcoinETF
#GMTBurnVote
#CryptoETFMania
#XmasCryptoMiracles
A massive long liquidation of $4.16 million at a staggering price of $0.20526 for $LRC !
This is a brutal reminder of just how quickly things can shift in the blink of an eye.
Traders who were riding high have been blindsided as the price plummets, triggering a wave of liquidations that’s leaving the market in chaos. $LRC
The intensity is unreal as the selling pressure floods in, shaking out anyone who was too leveraged.
This kind of volatility is exactly why the crypto world is never boring!
If you weren’t paying attention, you just missed one of the most thrilling moments in recent history.
Strap in, the ride isn’t over yet—what happens next could change the game completely!
#LRCO-NFT
#BitwiseBitcoinETF
#GMTBurnVote
#CryptoETFMania
#XmasCryptoMiracles
🚨📈Binance Co-founder Changpeng 'CZ' Zhao's Outlook on Bitcoin's Future Price and Role: $850,000🚨
At the Bitcoin MENA 2024 conference held in Dubai, Binance co-founder Changpeng "CZ" Zhao laid out his perspective on the future development of Bitcoin. While participating in a panel discussion, he expressed the view that Bitcoin, the first cryptocurrency, should not be regarded as just another separate asset but rather as ordinary money.
"We shouldn't refer to this as blockchain – it's simply money," stated CZ, stressing that the usage of cryptocurrencies has seen a remarkable increase in recent years.
In his opinion, due to basic mathematical principles and concepts, government spending on the economy is bound to keep rising. He also pointed out that currently, around 5 - 10% of people are investing in BTC, and this percentage is only set to grow.
"We haven't even reached the lower threshold, which is typically around 20%. However, in recent years, we've witnessed broader adoption rates like 50%, 70%, and even potentially 100%, although achieving that might involve several factors," CZ noted.
Zhao firmly believes that the market capitalization of cryptocurrency ought to surpass that of gold, which is currently approximately $18 trillion. If that happens, the price of one Bitcoin would range from $850,000 to $921,000.
"Bitcoin is superior to gold. It has a limited supply, is more user-friendly, and is ideal for storage. In the future, its function as a means of preserving and transferring value will become more prevalent than that of any other asset," CZ emphasized.
Coincidentally, CZ's announcement aligned with news about the legislative arrangements in El Salvador regarding obtaining funds from the International Monetary Fund (IMF). The local government there intends to make the requirements for decision-making related to legal tender less stringent.
Previously, Bitwise analysts had predicted that Bitcoin's price could reach $200,000 by the end of 2025. Moreover, if the United States were to adopt a reserve creation strategy, the price could exceed $500,000. Experts also think that by 2029, these digital assets could overtake gold in terms of market capitalization.
#BTC☀ #CZ #BinanceSquareFamily #LRCO-NFT #CryptoNewss
"We shouldn't refer to this as blockchain – it's simply money," stated CZ, stressing that the usage of cryptocurrencies has seen a remarkable increase in recent years.
In his opinion, due to basic mathematical principles and concepts, government spending on the economy is bound to keep rising. He also pointed out that currently, around 5 - 10% of people are investing in BTC, and this percentage is only set to grow.
"We haven't even reached the lower threshold, which is typically around 20%. However, in recent years, we've witnessed broader adoption rates like 50%, 70%, and even potentially 100%, although achieving that might involve several factors," CZ noted.
Zhao firmly believes that the market capitalization of cryptocurrency ought to surpass that of gold, which is currently approximately $18 trillion. If that happens, the price of one Bitcoin would range from $850,000 to $921,000.
"Bitcoin is superior to gold. It has a limited supply, is more user-friendly, and is ideal for storage. In the future, its function as a means of preserving and transferring value will become more prevalent than that of any other asset," CZ emphasized.
Coincidentally, CZ's announcement aligned with news about the legislative arrangements in El Salvador regarding obtaining funds from the International Monetary Fund (IMF). The local government there intends to make the requirements for decision-making related to legal tender less stringent.
Previously, Bitwise analysts had predicted that Bitcoin's price could reach $200,000 by the end of 2025. Moreover, if the United States were to adopt a reserve creation strategy, the price could exceed $500,000. Experts also think that by 2029, these digital assets could overtake gold in terms of market capitalization.
#BTC☀ #CZ #BinanceSquareFamily #LRCO-NFT #CryptoNewss
Binance co-founder Changpeng "CZ" Zhao: the price of Bitcoin "should be much greater" than $850,000.
During the Bitcoin MENA 2024 conference in Dubai, Binance co-founder Changpeng "CZ" Zhao shared his vision of future development. Speaking on a panel discussion, he stated that the first cryptocurrency should be viewed not as separate assets, but as regular money.
«We shouldn't call this blockchain — it's just money,» said Minister CZ, emphasizing that the use of cryptocurrencies has significantly increased in recent years.
In his opinion, government spending on the economy is inevitably increasing due to simple mathematical ideas and concepts. He also noted that currently about 5–10% of people invest in BTC, and this figure will only continue to grow.
«We haven't even crossed the lower threshold, which is usually around 20%. But in recent years, more widespread adoption has been achieved — 50%, 70%, and even 100%, though this may take several indicators,» noted C.Z.
Zhao is confident that the market capitalization of cryptocurrency should exceed the capitalization of gold, which currently stands at about $18 trillion. Then the price of one BTC will be $850,000 — $921,000.
«Bitcoin is more than gold. It is limited in supply, easier to use, and suitable for storage. In the future, its role as a means of preserving and transferring value will become more universal than any other asset,» noted CZ.
At the same time, the Czech announcement coincided with news regarding legislative provisions in El Salvador for obtaining funds from the IMF. The local government plans to ease decision-making requirements for legal tender.
Ahead of time, Bitwise analysts predicted that the proposed price could reach $200,000 by the end of 2025, and in the event of the US adopting a reserve creation strategy — exceed $500,000. Experts also believe that by 2029 these digital assets could outpace gold in market capitalization.
#BTC #CZ #BinanceSquareFamily #LRCO-NFT #CryptoNewss
$BTC
During the Bitcoin MENA 2024 conference in Dubai, Binance co-founder Changpeng "CZ" Zhao shared his vision of future development. Speaking on a panel discussion, he stated that the first cryptocurrency should be viewed not as separate assets, but as regular money.
«We shouldn't call this blockchain — it's just money,» said Minister CZ, emphasizing that the use of cryptocurrencies has significantly increased in recent years.
In his opinion, government spending on the economy is inevitably increasing due to simple mathematical ideas and concepts. He also noted that currently about 5–10% of people invest in BTC, and this figure will only continue to grow.
«We haven't even crossed the lower threshold, which is usually around 20%. But in recent years, more widespread adoption has been achieved — 50%, 70%, and even 100%, though this may take several indicators,» noted C.Z.
Zhao is confident that the market capitalization of cryptocurrency should exceed the capitalization of gold, which currently stands at about $18 trillion. Then the price of one BTC will be $850,000 — $921,000.
«Bitcoin is more than gold. It is limited in supply, easier to use, and suitable for storage. In the future, its role as a means of preserving and transferring value will become more universal than any other asset,» noted CZ.
At the same time, the Czech announcement coincided with news regarding legislative provisions in El Salvador for obtaining funds from the IMF. The local government plans to ease decision-making requirements for legal tender.
Ahead of time, Bitwise analysts predicted that the proposed price could reach $200,000 by the end of 2025, and in the event of the US adopting a reserve creation strategy — exceed $500,000. Experts also believe that by 2029 these digital assets could outpace gold in market capitalization.
#BTC #CZ #BinanceSquareFamily #LRCO-NFT #CryptoNewss
$BTC