- Since 2022, Bitcoin has continued to see consistent growth in its price. The token has, since the FTX crash of 2022, increased in value by more than 200%.
- Changpeng Zhao, the former CEO of Bitcoin, has once again shown his dull support for Bitcoin’s price momentum. The former CEO has predicted that Bitcoin could possibly become a source of reserve for the world in the nearest future.
Ever since Bitcoin recovered from its major price crash in 2022, the token has shown investors consistency in its current growth and its potential for even more growth in the future. At different times, Tronweekly has recorded analysts’ predictions on Bitcoin’s price going to $200,000, and even some others predicting the price to surpass $200,000.
Whether that would ever come to hold or not, only time and the big institutions would tell. Today, a major figure in the blockchain space has come out to share his views on how Bitcoin would likely dominate the finance space.
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CZ Bitcoin Prediction
On the 29th of August, Changpeng “CZ,” the former CEO at Binance, shared in an interview that Bitcoin is steadily moving towards becoming the world’s reserve currency. According to Him, more and more companies (both private and public alike), especially in traditional finance, are now adding the cryptocurrency to their balance sheets and source of financial reserve more than ever before.
For the longest time, Zhao has been one of Bitcoin’s strongest supporters. When the coin hit a new record high of $122,000 on the 14th ofJuly, he reminded traders that the rally was only the beginning and that it was positioned for much greater growth.
Based off the fact that he started building his Bitcoin portfolio in 2014 and he watched Bitcoin hit $1,000 in 2017, he stands very confident in the future moves of the token. For him, each milestone is simply another step toward Bitcoin’s larger role in the global financial system.
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