๐CZ's Prophetic Tweet: A Glimpse into Bitcoin's Future? ๐ฎ
In 2020, Changpeng Zhao (CZ), the founder and CEO of Binance, shared a tweet that has aged remarkably well ๐. CZ jokingly predicted a Bitcoin "CRASH" from $101,000 to $85,000, and it seems his prophecy is slowly unfolding ๐ฎ.
Bitcoin's Price Action ๐
Fast forward to today, and we're witnessing Bitcoin's price gradually decrease, eerily echoing CZ's tweet ๐. This downturn has sparked intense speculation about the underlying causes, with some attributing it to the link between Bitcoin's price and the M2 money supply ๐ค.
The M2 Money Supply Connection ๐
The M2 money supply, which includes cash, checking deposits, and other liquid assets, has been closely tied to Bitcoin's price movements ๐. As the M2 money supply increases, Bitcoin's price tends to follow suit, and vice versa ๐.
CZ's Foresight ๐ฎ
CZ's tweet from 2020 demonstrates his remarkable foresight and understanding of the cryptocurrency market ๐ฎ. His prediction may have seemed humorous at the time, but it's now clear that he had a deeper understanding of the underlying dynamics driving Bitcoin's price ๐.
Conclusion ๐ค
As we navigate the complex world of cryptocurrency, it's essential to pay attention to the insights and predictions of industry leaders like CZ ๐ฎ. By understanding the connections between Bitcoin's price and broader economic indicators like the M2 money supply, we can gain a deeper appreciation for the market's underlying mechanics ๐.