Changpeng Zhao, who believes that Bitcoin is a revolutionary asset, is estimated to have built a significant amount of wealth after the bull season. By this time, with the approaching halving periods, the leading cryptocurrency was exhibiting very sharp upward movements.
In 2020, the tradition has not changed again. Bitcoin made a huge rise of 700%, causing a mega bull in the crypto market. After the rises in the past bull periods, there was a harsh bear season for 1-2 years on average. Bitcoin, which was falling until the next halving approached, would cause altcoins and investors to be miserable. This year, things are progressing differently compared to previous years.
Having built a huge fortune in the last rally, Changpeng Zhao continues to influence the crypto market by building a massive botnet. Binance CEO Zhao, who managed to fill his wallet sufficiently in the movements experienced, seems to prevent Bitcoin from losing a huge amount of value.
Popular analyst Lark Davis asks as of today, “So Bitcoin will be in the $30,000 to $60,000 range all year long?” shared a tweet.
Replying to this tweet, Changpeng Zhao says, "The numbers are absolutely wrong, save this tweet." The successful CEO is thought to mean $60,000, although he didn't say which number was wrong. Binance CEO, who believes that Bitcoin will exceed the ATH level in 2022, believes that there will be another mini rally in the crypto market.
The crypto market erased some of its losses after trading lower in the early hours of Monday. The by-market move comes after heavy selling before the weekend following the Fed's (Fed) Governor Jerome Powell's statements last week that he hinted a 50 basis point rate hike could be coming. At 10:13pm on Monday, Bitcoin is trading at $39,943 and is up 0.4% in the last 24 hours and 0.7% in the last 7 days. At the same time, ethereum is trading at $2,964 in one day, up 0.1% in one day and down 1% in a week.