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A former executive of the world’s largest cryptocurrency exchange predicts that Bitcoin will rise above the $100,000 level.
Former Binance CEO Changpeng Zhao believes the top cryptocurrency is capable of reaching a higher price point, following its brief rebound to $100,000 on Tuesday.
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“Boring” level?
Bitcoin The new year was welcomed on a positive note as the cryptocurrency recorded a rebound that pushed it to reach the $100,000 mark.
Zhao, who is also the founder of Binance, suggested that top crypto assets could perform better and surpass the $100,000 price point.
“100 thousand is boring, isn’t it?” Zhao said in a post in response to Bitcoin’s rebound.
Investors witnessed Bitcoin regain its lost glory after hitting $100,000 after the digital asset fell to a key level on December 19, and remained below $100,000 for some time before gaining momentum to push it to that important level.
100k is boring, isn’t it?
— Czechoslovakia 🔶 BNB (@cz_binance) January 7, 2025
Bitcoin is destined to reach new heights
Zhao, known as CZ, emphasized that Bitcoin is much more capable of reaching a price point exceeding $100,000. Hence, the former CEO of the cryptocurrency company was not surprised by the return of BTC and its rise in the past 24 hours.
The former Binance CEO’s post on
Last month, Matt Hogan, CEO of Bitwise, predicted that… Upward range Cryptocurrencies will continue to gain momentum through 2025. Hogan expects other crypto asset prices to rise, with Bitcoin leading the charge.
Hogan believes that Bitcoin could reach $200,000 before the end of 2025, claiming that inflows from Bitcoin exchange-traded funds could fuel demand from corporate entities. As a result, this will increase their exposure to leading crypto assets.
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The positive feelings continue
Zhao has a positive outlook on cryptocurrencies, saying that 2025 will be a “year of transmission” for digital assets. According to analysts, the term “send it” is used when there is excitement surrounding cryptocurrencies due to rising prices.
If you’ve ever wondered why people tweet 4, it came from this tweet two years ago on this day. In hindsight, I should have made the ‘4’ the ‘0’. 😂
2025 will be the year to “send it out.” https://t.co/6f27u0mYez
— Czechoslovakia 🔶 BNB (@cz_binance) January 3, 2025
Other market analysts agree that digital assets will see their prices rise in 2025, which will be driven by the adoption of cryptocurrencies from institutional investors and national governments.
Although the former Binance CEO believes Bitcoin will surpass $100,000, Zhao did not provide an explanation. Price prediction For the year. However, there have been occasions where Zhao hinted that Bitcoin could trade at $850,000 per coin.
Featured image from Getty Images, chart from TradingView