** CZ Once Predicted Bitcoin Will Fall to US$85,000 Since 2020**
Binance founder Changpeng Zhao (CZ) has predicted that Bitcoin (BTC) will fall from US$101,000 to US$85,000 since 2020.
"Waiting for new headlines: Bitcoin dropped from US$101,000 to US$85,000. Save the tweet," he said on social media X.
Interestingly, the crypto executive who is among the richest people in the world has also predicted a bear market at the end of last October when Bitcoin was still holding at US$108,000.
"Many declines along the way," CZ tweeted on his X account on October 31, before Bitcoin fell to US$85,000.
The 'prediction' from CZ sparked a debate in the crypto community. They accused that the founder of the largest crypto exchange had manipulated the market for personal gain.
Even so, CZ added a 'bull run' which actually hasn't happened yet. This hints that it is still possible for Bitcoin to continue the rally, even reaching a new record high.
He believes that Bitcoin can exceed US$500,000 to US$1 million in this cycle, triggered by the adoption of institutions and increasingly strong infrastructure.
Disclaimer Alert Not Financial Advice (NFA). Do Your Own Research (DYOR).
