In recent months the crypto world has been rocked by the start of a new big bullish rally in the price of Bitcoin. Hitting all-time highs prices practically every week, BTC has managed to attract the attention of investors and the media across the globe. However, and despite having broken a new record just over a day exceeding $ 60,000, for Binance CEO Changpeng Zhao, the price of Bitcoin is still low, which he comments in the Tweet of the day:
What is the price of Bitcoin?
No matter what opinion one has about Bitcoin, if all analysts inside and outside the crypto community agree on one thing, it is that BTC has not yet reached its final price. On the contrary, whether they think that Bitcoin is a worthless currency, or that it will reach a million dollars before the end of 2021. The truth is that everyone expects more or less radical developments in the price of the cryptoactive.
This is especially true now, when the interest piqued by the cryptocurrency in institutional investors, as well as the increase in monetary liquidity brought about by the stimulus checks of the Biden administration. They make analysts foresee a substantial increase in the price of BTC in the medium term. Even though its price is already quite high today, standing at $ 59,940 per BTC at the time of writing.
And among those who have an optimistic view about the future of Bitcoin is Changpeng Zhao, CEO and founder of the exchange Binance. Who on several occasions has mentioned that we would only be beginning to experience the increase in the price of the cryptocurrency. Well, it would be in its early days of development.
«We are very lucky to be able to buy Bitcoin below $ 100,000. It is still early. This is not financial advice».
If you are right in your view on the crypto market, we could soon start to see accelerated growth in the price of Bitcoin. Which, in fact, would make us lucky to have a chance to buy BTC before its bullish rally restarts.