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Changpeng Zhao, also known in the crypto community as CZ, has taken to his official page on the X social media platform to address the community and share his take on the current crypto market bloodbath.
Curiously, he has shared a bullish take on this matter despite the massive Bitcoin crash.
Yuri MolchanCZ remains highly bullish on Bitcoin and crypto
CZ commented on an X post by a crypto enthusiast called @Spigg1115, where the latter pointed out that there is no reason for panic now, even though the crypto market is bleeding heavily.
The user reminded the community that a year ago, Bitcoin and other major cryptocurrencies – he mentioned only ETH, BNB, BTC and SOL – traded at much lower levels than now.
Bitcoin sat at $54,000, he stated, while BNB was changing hands at $401 per coin, and SOL was trading at $109. Currently, Bitcoin is changing hands after the massive 8% fall at $89,214; BNB is going foe $610 and SOL is trading at $140.89, according to CoinMarketCap.
The only exception here is the second biggest crypto by market capitalization value after BTC Ethereum. While, on this day a year ago, it was trading at $3,178, it is now sitting at $2.424.
Alex DovbnyaCZ quoted that tweet and added two emojis as his comment – a microscope and a telescope – as if urging the crypto community to look at the crypto market at the right scale.
Dan Burgin
Vladislav Sopov