Bitcoin could stay below an all-time high of $68,789 in the next two years, warned Changpeng Zhao in an interview with Bitcoin. The Guardian It may take some time for BTC to recover after falling to $20,000.
He also suggested that some Crypto enthusiasts lost their views… And forget how far the market has come since 2018.
CZ said that if investors in 2018 heard that BTC would trade at $20,000 in 2022, they would be “very happy” that year was when BTC saw a huge drop from $20,000 to $4,000 in less time. 12 months, which is a decrease of more than 80%.
CoinMarketCap data Shows that BTC has dropped 70% since hitting record highs.
CZ also pointed out that Bitcoin’s current low is higher than its most recent high and “price volatility is normal” as the market grows.
It also said that many businesses “In a difficult position” after overspending during the bull market
at the beginning of this month CZ Says Binance Is Ready To Enter This Year’s Bear Market and are planning to add more employment
The CEO said he wants to take advantage of the crypto winter “to the maximum,” with co-founder Yi He telling Fortune magazine that there are over 2,000 open jobs.
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