Did you miss the bitcoin dip? CZ has an important message

Changpeng “CZ” Zhao, former CEO of Binance, dropped a message to encourage long-term trust in Bitcoin (BTC). Zhao’s update Following a surge in BTC prices, it led to a new all-time high (ATH) of over $118,000.

CZ encourages a long-term perspective amidst price surges

In particular, the new ATH set up by Bitcoin caused regret in several quarters. In particular, traders who wanted to buy assets Soaked for under $100,000 In this cycle.

However, Zhao is urging investors to view the current market situation as an opportunity rather than a setback. According to him, the price of Bitcoin is already “dip” and is a purchase opportunity before the next ATH is set.

“If you ‘missed’ the previous dip, there will be dips in the future too.

CZ reminds investors and market participants that DIPS is common and unique to the digital currency sector. Therefore, there will be more opportunities to win Bitcoin for those interested in accumulating digital gold.

Zhao’s emphasis that the current market is still dip suggests that it is still a potentially good time to buy BTC. This is a bullish statement. Former Vinance CEO is optimistic that Bitcoin will rise further, and long-term holders who will buy it are still making Profit.

Rareness and emotions support the bullish outlook of BTC

CZ’s confidence in Bitcoin’s future prospects is based on its rare nature. in 21 million BTC supply is limitedhe believes that unlike Fiat currency, Bitcoin will continue to gain value.

Fiat currency, like the US dollar, could be devalued as a result of overprinting or inflation. However, because Bitcoin supply is limited, it is deflationary.

As of the time of reporting, the price of Bitcoin was change At a hand of $117,995.80, it represents a 6.01% increase over the last 24 hours. Traders are also actively trading, increasing trading volume by 91.73% to $11.874 billion.