“All the pieces is inexpensive now.” As Bitcoin surpassed $100,000 for the primary time in its 16-year historical past, notable figures within the crypto world weighed in on this worth milestone. Changpeng Zhao (CZ), the previous CEO of Binance, and Brian Armstrong, the CEO of Coinbase, remained unfazed by Bitcoin’s surge previous $100,000.
CZ, who hung out in jail within the US earlier than returning to Dubai, commented on the importance of Bitcoin’s rise: “Everybody says, ‘Congrats, you made some huge cash from Bitcoin.’ I say, ‘Probably not. I nonetheless have the identical variety of Bitcoins. However all the pieces has develop into less expensive for me.’”
Different notable figures within the crypto world additionally shared their ideas on Bitcoin’s transfer in the direction of $100,000. Former Binance CEO CZ remarked, “I nonetheless have the identical quantity of Bitcoin,” whereas Coinbase CEO Brian Armstrong reminded us of 2012.
Brian Armstrong emphasised the speedy development and impression of Bitcoin: “When you had purchased 100 Bitcoins when Coinbase launched in 2012, that funding could be price $1.5 million at this time. When you nonetheless have $100 in paper cash, its buying energy could be $73 in at this time’s cash. Bitcoin is the best-performing asset of the final 12 years. We’re nonetheless within the early phases. All governments, particularly these battling inflation, ought to think about accumulating Bitcoin reserves.”
