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Changpeng Zhao (CZ) has taken to X to comment on the current Bitcoin price rebound and remind the community what BTC is about.
However, while CZ remains bullish on Bitcoinโs price surge and adoption in the long term, some in the crypto community have disagreed with him, disputing his definition of BTC as a โhard asset.โ
Bitcoin is hard asset: CZ; community disagrees
Changpeng Zhao posted a short tweet, reminding the community that Bitcoin was not designed for short-term trading (or trading overall), but rather as an inflation hedge during difficult economic times.
XRP Price Action Hovers at Critical Support
Crypto Market Review: Did Shiba Inu ($SHIB ) Finally Hit Price Top? Bitcoinโs Catastrophic Tumbling Might Not Be Over, Can $XRP Realistically Lose $1?
CZ believes $BTC is a hard asset, along with some of the top altcoins: โBitcoin is a hard asset. (Other top crypto too.)โ
However, some commentators shared their doubts in response to his tweet, in particular stating that โhard assets donโt usually fluctuate 20 percent in a week.โ
Another X user wrote: โIf it can lose 50% in months, calling it a โhard assetโ is a stretch. Thatโs volatility, not stability.โ
Earlier this year, CZ also shared his ultra-bullish position on Bitcoin, saying he still believes it will reach $1,000,000 million, but it will likely take a long time to reach that price.
Robert Kiyosaki predicts Bitcoin โto the starsโ
as a renowned investor and the author of the popular book on personal finance management, โRich Dad Poor Dad,โ continues predicting a new financial crisis, which he expects to happen soon and crash the financial markets.
Once it happens, he tweeted last week, Bitcoin,Ethereum, as well as gold and silver are โgoing to the stars.โ Kiyosakiโs concept is that the best time to get wealthy is during market crashes, when โreal assets,โ like Bitcoin and gold, go โon saleโ and skyrocket in price afterwards
#CZCallsBitcoinAHardAsset #freedomofmoney
Changpeng Zhao (CZ) has taken to X to comment on the current Bitcoin price rebound and remind the community what BTC is about.
However, while CZ remains bullish on Bitcoinโs price surge and adoption in the long term, some in the crypto community have disagreed with him, disputing his definition of BTC as a โhard asset.โ
Bitcoin is hard asset: CZ; community disagrees
Changpeng Zhao posted a short tweet, reminding the community that Bitcoin was not designed for short-term trading (or trading overall), but rather as an inflation hedge during difficult economic times.
XRP Price Action Hovers at Critical Support
Crypto Market Review: Did Shiba Inu ($SHIB ) Finally Hit Price Top? Bitcoinโs Catastrophic Tumbling Might Not Be Over, Can $XRP Realistically Lose $1?
CZ believes $BTC is a hard asset, along with some of the top altcoins: โBitcoin is a hard asset. (Other top crypto too.)โ
However, some commentators shared their doubts in response to his tweet, in particular stating that โhard assets donโt usually fluctuate 20 percent in a week.โ
Another X user wrote: โIf it can lose 50% in months, calling it a โhard assetโ is a stretch. Thatโs volatility, not stability.โ
Earlier this year, CZ also shared his ultra-bullish position on Bitcoin, saying he still believes it will reach $1,000,000 million, but it will likely take a long time to reach that price.
Robert Kiyosaki predicts Bitcoin โto the starsโ
as a renowned investor and the author of the popular book on personal finance management, โRich Dad Poor Dad,โ continues predicting a new financial crisis, which he expects to happen soon and crash the financial markets.
Once it happens, he tweeted last week, Bitcoin,Ethereum, as well as gold and silver are โgoing to the stars.โ Kiyosakiโs concept is that the best time to get wealthy is during market crashes, when โreal assets,โ like Bitcoin and gold, go โon saleโ and skyrocket in price afterwards
#CZCallsBitcoinAHardAsset #freedomofmoney