Former #Binance CEO Changpeng ā€œ#CZBÄ°NANCE ā€ Zhao is responding to Bitcoinā€™s recent rally, claiming the $100,000 price point is ā€œboring.ā€

To the relief of many crypto advocates, Bitcoin has returned above the $100,000 price point. The asset had fallen below the closely watched level on Dec. 19 due to the Fedā€™s hawkishness. Amid its recent rally, former Binance CEO Changpeng ā€œCZā€ Zhao is causing a stir.

ā€œ100K Is Boringā€

Former Binance CEO Changpeng ā€œCZā€ Zhao has claimed the $100,000 price point is ā€œboringā€ as Bitcoin has surged back above that level in the past 24 hours, marking the assetā€™s first time above that level since Dec. 19.

100K is boring, right?ā€ Zhao wrote in an X post on Tuesday, Jan. 7.

The statement caused a stir as it hinted that Zhao was expecting higher prices for Bitcoin. Zhao himself has touched on this in recent statements.

The influential crypto figure called 2025 the year of ā€œsend.ā€ Crypto enthusiasts often use the phrase ā€œsendā€ to express their excitement when asset prices rise.

The sentiment comes as several analysts have claimed that Bitcoinā€™s price will rise even higher in 2025. Some, like Bitwise CIO Matt Hougan, predict the asset will reach the $200,000 price point, driven by institutional adoption and nation-state interest.

While Binanceā€™s Zhao did not offer a Bitcoin price prediction for 2025, he has hinted in the past that the asset will one day trade hands for $850,000 per coin

Speaking at Bitcoin MENA 2024, he suggested that the asset will eventually surpass gold in market capitalization. For context, gold has a market capitalization of $17.8 trillion at the time of writing. Bitcoin, on the other hand, has a valuation of $2 trillion.

#BTC100KTrumpEffect #MicroStrategyAcquiresBTC #TrumpBTCBoomOrBust @CZ