Binance founder Changpeng ZhaoChangpeng Zhao (CZ) has predicted that Bitcoin (BTC) will fall from US$101,000 to US$85,000 since 2020.
"Waiting for new headlines: Bitcoin drops from US$101,000 to US$85,000. Save his 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 October when Bitcoin was still holding at US$108,000.
"A lot of drop along the way," tweeted CZ on his X account on October 31, before Bitcoin fell to US$85,000.
CZ's 'prediction' sparked debate in the crypto community. They accused the founder of the largest crypto exchange of manipulating the market for personal gain.
Nevertheless, CZ added that a 'bull run' has not actually occurred yet. This suggests it is still possible for Bitcoin to have a continued rally, even reaching new all-time highs.
He believes Bitcoin could exceed US$500,000 to US$1 million in this cycle, driven by institutional adoption and increasingly robust infrastructure.
