Bitcoin plummeted from a high of $104,829 to $92,268, and this scene was actually predicted by Binance founder Changpeng Zhao CZ four years ago!
On December 17, 2020, CZ suggested in a tweet that Bitcoin would collapse from $101,000 to $85,000. That prediction came true this week, shocking and confusing many investors.
It is worth noting that although the market has been volatile in the short term, Bitwise chief information officer Matt Hougan said that the Fed’s policy changes will not change Bitcoin’s upward trend. He pointed out that the intrinsic motivation of cryptocurrency is still there and the future trend is still promising.
In summary, this market fluctuation is just an episode in the rise of Bitcoin. We need to remain patient and confident and pay attention to the long-term development trend of the market.
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