Monday, September 28, 2020
No menu items!
  • News
  • Bitcoin
  • Contact Us
More

    CZ Binance Goes Down the Memory Lane, Compares Present Situation of Bitcoin (BTC)

    Must Read

    Charles Hoskinson: Metadata Transactions Are Ready; First Project will Migrate from Ethereum to Cardano

    In an AMA conducted a couple of hours ago, the creator of Cardano (ADA), Charles Hoskinson, released an update...

    KuCoin Hack: There Was Nearly $280 Million in Various Crypto Assets Stolen

    According to the director of research at The Block, Larry Cermak, there was nearly $280 million in various crypto...

    How Man Recovered All His Stolen XRP after Months of Getting Hacked Through Ledger Nano X

    In the cryptocurrency ecosystem, there have been perpetration of hackers, where thousands and millions of dollars were being stolen....
    Avatar
    Solomon Odunayo
    Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.




    The founder and CEO of Binance, Changpeng Zhao popularly known as CZ Binance has recently compared the present situation of Bitcoin (BTC) in the market to 2011 when the digital currency was priced at $1.

    Over the past few days, Bitcoin has been going back and forth around $10,000 price region. Due to this BTC price instability, many cryptocurrency enthusiasts are envisaging the possibility of an emerging bear market.

    Some cryptocurrency fans are already anticipating the before-halving positive impact on Bitcoin price as played out in the past according to history. However, history does not always repeat itself, as several unforeseen circumstances could prevent playing out.

    CZ Binance Brings Back the Past Memory about Bitcoin (BTC)

    This came about after a cryptocurrency pundit Nathaniel Whittemore brought back a post shared on Bitcointalk 9 years ago when BTC was still trading at $1.

    The post averred exclusively about the prospect of Bitcoin. This scenario took place in just 2 years from the emergence of the first and largest digital currency.

    Reacting to this aged post, Nathaniel acknowledged the confidence that the writer had in Bitcoin in barely 2 years of its emergence, and when the cryptocurrency was priced at $1.

    He wrote this, “Exactly 9 years ago a bunch of misfits were on Bitcointalk spittin about how this thing that had just barely reached $1 would be the money of the future. But tell me again how early HODLers were just lucky and in the right place at the right time.”

    In response to the above comment, the CEO and founder of Binance, Changpeng Zhao (CZ) pointed out that BTC at $1 in 2011 is now priced above $9,000.

    He shared, “$1 dollar 9 years ago. If someone told you then, it will be $9000 in 9 years time, and people will still call it a bear market, would you think those people are crazy?”

    Bitcoin (BTC) is beginning to show the possibility of a fresh retest of $10,000 resistance level, considering the recent increase recorded.

    At the time of filing this report, BTC is trading at $9,867.82, with a relatively 2% price upsurge in the last 24 hours.




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Charles Hoskinson: Metadata Transactions Are Ready; First Project will Migrate from Ethereum to Cardano

    In an AMA conducted a couple of hours ago, the creator of Cardano (ADA), Charles Hoskinson, released an update...

    KuCoin Hack: There Was Nearly $280 Million in Various Crypto Assets Stolen

    According to the director of research at The Block, Larry Cermak, there was nearly $280 million in various crypto assets lost in the KuCoin...

    How Man Recovered All His Stolen XRP after Months of Getting Hacked Through Ledger Nano X

    In the cryptocurrency ecosystem, there have been perpetration of hackers, where thousands and millions of dollars were being stolen. Little or none of those...

    Cardano (ADA) Is Up and Running Again On Bittrex Exchange

    According to a recent update, Cardano (ADA), the ninth-largest digital currency by market capitalization, is up and running again on the cryptocurrency exchange, Bittrex. In...

    World Economic Forum: XRP Is The Most Relevant Digital Asset For Wholesale CBDC

    The World Economic Forum (WEF) has characterized the fourth largest digital currency by market capitalization, XRP, has the most relevant crypto asset for wholesale...

    More Articles Like This