PakGazette – Looking at the current situation in the cryptocurrency market, one may wonder how everything was “blooming and smelling” three days ago. At the time, (BTC) was trading above $108,000, valued just shy of $4,000, and failed to crash 34% from its all-time high.
Few would have thought that the situation could change so much by Friday, but there is one person in the cryptocurrency market who planted the seed of such an idea.
We’re talking about Changpeng Zhao, or CZ as he is better known in the crypto space, the former head of the world’s largest crypto exchange, Binance.
In a tweet dated December 17, CZ stated in one of his tweets that he was waiting for the headlines as the price of Bitcoin fell from $101,000 to $85,000 and also rather ambitiously asked to “save this tweet.” Fast forward three days and here we are.
The concerned crypto public did not fail to criticize the former Binance CEO for such predictions, to which he responded with a more bullish post. Zhao stated that we should expect to see more headlines about Bitcoin hitting an all-time high and it will continue “on and on and on,” according to CZ.
Zhao previously mentioned the cyclical nature of the cryptocurrency market. Based on what he said, it was assumed that, like previous market events, a true bull market could happen in 2025, while this year is more of a recovery phase after a bear market.
Whether CZ’s expectations come true or not, and whether Bitcoin will refresh its all-time high, we will know in the very near future.
