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Former Binance CEO Reissues Five-Year Call on Bitcoin
Gamza Khanzadaev
Former Binance CEO CZ has resurfaced on social media to highlight the success of his five-year-old Bitcoin prediction
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In a surprising move, the former CEO of Binance, CZhas resurfaced on social media to remind everyone to Bitcoin (BTC) prediction made five years ago. CZ, who is currently serving a four-month prison sentence in the United States, referenced a 2019 post in which he predicted significant changes once Bitcoin’s price surpassed $8,000.
With Bitcoin now trading above $66,000 and hitting highs near $74,000, his predictions appear accurate.
CZ’s reappearance on social media has sparked curiosity, especially given his current legal troubles. In April, he was sentenced to four months in prison after pleading guilty to money laundering charges, following his resignation as CEO of Binance.
The cryptocurrency exchange also accepted a substantial fine of $4.3 billion. Prosecutors had initially sought a three-year sentence for the 47-year-old businessman, making his four-month sentence seem particularly light.
Path to the top
During his tenure, CZ was a seminal figure in the world of cryptocurrencies, leading Binance to become one of the largest and most influential exchanges globally. About her Her decision to resurface and comment The price of Bitcoin its trajectory has intrigued supporters and critics alike, highlighting its continued influence in the crypto community.
BTC to USD by CoinMarketCap
Bitcoin itself saw huge growth compared to CZ’s initial forecast. The cryptocurrency boasts a market capitalization of $1.3 trillion and has established itself as a key asset in the financial market, alongside traditional investments such as gold and stocks.
Its integration into traditional finance is underlined by the approval of a spot ETF on the US stock market, broadening its appeal to a wide range of investors, including pension funds.
About the author
Gamza Khanzadaev
Financial analyst, trader and cryptocurrency enthusiast.
Gamza graduated in Finance and Credit with a specialization in securities and financial derivatives. He then obtained a master’s degree in banking and asset management.
He wants to help cover economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.