The news of the last few days has been the fall in the price of Bitcoin. And, after maintaining a constant upward trend for weeks, this Sunday the price of BTC suffered its biggest fall in months, falling more than $ 10,000 in just a few hours. However, not everyone views this event with pessimism. Well, for Changpeng Zhao Bitcoin is stronger after its fall, as made clear in the Tweet of the day:
Bitcoin is stronger for Changpeng Zhao
The crypto market has been running water for the past two days. And it is that, after having a phenomenal increase in its price for several weeks, breaking historical maximum prices practically daily. This Sunday, Bitcoin lost more than $ 10,000 in price in just a few hours.
Of course, this collapse has set off alarms in the crypto community. With the most skeptical exiting the market while they can to secure their profits. While those who never trusted Bitcoin take the opportunity to reaffirm their belief.
However, for the main crypto influencers this is not uncharted territory. On the contrary, on other occasions, Bitcoin has experienced radical corrections amid major bullish rallies. Which is why figures like Anthony Pompliano or Scott Melker ask for calm on social networks.
While the CEO and founder of Binance, Changpeng Zhao, says through his Twitter account that the collapse of Bitcoin has in fact strengthened the cryptocurrency:
«Pullbacks are painful, but they are necessary to establish support levels. Now we have it».
Thus, for Changpeng Zhao the fall in the price of Bitcoin would have driven out of the market those traders who do not trust the cryptocurrency so much. While your Bitcoins are bought by those who trust the future of BTC. Which, in short, will strengthen the Bitcoin ecosystem and guarantee a healthier increase in its price.