Binance’s CZ On Bitcoin’s All-Time High: Missed Out on Big Profits?

Bitcoin recently broke its all-time high, soaring past the $111,880 mark and surpassing Amazon in market cap. Changpeng Zhao, former CEO of Binance, weighed in on this landmark achievement, highlighting those who sold at $77,000 missed out on substantial profits. He emphasized that investors should focus on long-term trends rather than short-term price fluctuations. Investor Fred Krueger predicted a continued upward trajectory for Bitcoin after breaching the $110,000 mark, stating it would be a smooth path to $150,000. 608.99 million in new capital flowed into Bitcoin ETFs in May alone, bringing total net asset value to $129.02 billion according to SoSovalue data. This influx is fueled by institutional investors and public companies recognizing BTC as a treasury asset. Exchanges are experiencing strong liquidity with USDT reserves at $46.9B, while JPMorgan’s recent decision to offer Bitcoin access for clients signifies broader market involvement.