Binance Founder Changpeng Zhao Predicts Bitcoin Price Will Break New ATH, But When?

JAKARTA – The boss of Binance, Changpeng Zhao, or more familiarly called CZ recently stated that the number one cryptocurrency Bitcoin needs time to break through its new all-time high price (ATH).

He further predicts that the increase in BTC may occur in the next few months or years to break the price of 70,000 US dollars. He believes that a number of large crypto projects will survive when the crypto market is experiencing a bearish phase. It is precisely a number of small cryptocurrencies that are in trouble at the current state of affairs, according to CZ.

In his interview with The Guardian, Changpeng Zhao emphasized that the crypto industry is relatively new. That's why price fluctuations will still occur. Next he gave an optimistic statement for BTC investors.

“But you know, in 2018, 2019, if you told people that bitcoin was going to be 20K by 2022, they would be very happy. In 2018/19, the price of bitcoin was $3,000, $6,000," said CZ.

The CEO of the Binance crypto exchange is optimistic about the future of BTC. He believes Bitcoin will hit a new all-time record high above $69,000.

“I think given this price drop, from an all-time high of 69K to 20K now, it might take a while to get back. It might take a few months or a few years. No one can predict the future,” said the Binance boss.

In these bear market times, crypto trading company Binance decided to hire even more employees. This condition is different from a number of other crypto trading companies such as Crypto.com, Coinbase, and FTX which have laid off their employees.