Changpeng Zhao predicts a long rally in bitcoin

Binance founder Changpeng Zhao said that the current bullish trend in the cryptocurrency market is not over yet, and bitcoin will continue to grow despite the skepticism of many analysts. In his post on social media platform X, he mentioned that bitcoin has been declared «dead» many times, but the cryptocurrency continues to strengthen its position as the most popular digital asset.

Recently, bitcoin BTC $97,079.16 Bitcoin -1.19% Market capitalization $1.92 trillion VOL. 24 hours $7.12 billion reached an all-time high of more than $ 89,000, and its trading volume amounted to $ 135 billion. According to Zhao, this rally is attracting significant interest from large investors, although he warned of market volatility and a possible decline after rapid growth. He advises investors to avoid greed and make informed decisions.

Zhao also predicted that in 2025, the crypto market will continue to grow, as cryptocurrencies are increasingly attracting the attention of politicians and the general public.

As a reminder, Donald Trump’s victory in the US presidential election significantly affected the financial situation of Changpeng Zhao, the founder of Binance, a cryptocurrency exchange. Thus, his capital grew by $ 12.1 billion, which was made possible by the growth of the crypto market and the increase in the value of his company.