The cryptocurrency world is abuzz with excitement as Bitcoin has reached a historic milestone, surpassing the $100,000 price point for the first time ever. In a remarkable surge of 9.25% within just 24 hours, Bitcoin soared to a new all-time high of $102,823, solidifying its position as the dominant player in the digital currency market.
While many investors are celebrating massive profits from this price surge, Changpeng Zhao, the former CEO and co-founder of Binance, revealed in a tweet that he was not among them. CZ mentioned that he still holds the same amount of BTC, without comparing its value to the current market price in dollars. He emphasized that as the price of Bitcoin rises, everything else becomes cheaper in comparison to it. This statement highlights the belief of many Bitcoin enthusiasts who see the cryptocurrency as a standard currency, regardless of its market price.
Coincidentally, Binance Coin also reached new heights, hitting a fresh all-time high of $793 earlier in the week. As Bitcoin continues its upward trajectory, the performance of other altcoins in this new market landscape remains to be seen. It will be interesting to observe whether CZ will make any changes to his Bitcoin position in the future.
The surge in Bitcoin’s price has sparked discussions and speculations within the cryptocurrency community. Some attribute the milestone to a push from a figure referred to as “Put-in,” suggesting that external factors may have played a role in driving Bitcoin to reach $100,000.
As the cryptocurrency market continues to evolve and Bitcoin maintains its position as a leader, investors and enthusiasts alike are eagerly watching to see how this historic milestone will impact the industry as a whole.