Changpeng Zhao, the previous chief government of cryptocurrency change behemoth Binance, has clarified that he didn’t promote any crypto in the course of the devastating crash that befell earlier this Tuesday.
Earlier at this time, the main cryptocurrency plunged to $86,141, reaching the bottom degree since November. Nevertheless, it has since managed to pare its huge losses, at present buying and selling at $94,519. Nonetheless, Bitcoin is nineteen.2% away from reclaiming its present all-time excessive of $108,786, that means that it’s near bear market territory.
As reported by U.Right this moment, CZ, who stays a extremely influential voice within the crypto neighborhood regardless of being pressured to depart his CEO job in late 2023, additionally just lately confirmed that he was not focused on shopping for new cryptocurrencies (together with flashy memecoins).
CZ’s cryptocurrency portfolio primarily consists of the BNB token. Bitcoin accounts just for a small portion of his holdings.
Zhao additionally recalled his extremely prescient tweet from 2020, which precisely predicted future headlines from 2025 in regards to the worth of Bitcoin crashing to $85,000 from $101,000.
The previous Binance CEO is now predicting that Bitcoin will finally crash from $1 million.
Ready for the brand new headline: #Bitcoin “CRASHES” from $1,001,000 to $985,000.
Save the tweet. https://t.co/gLWGtUvYoJ
— CZ 🔶 BNB (@cz_binance) February 25, 2025
