Changpeng Zhao, known as CZ, the former Binance CEO and co-founder, addressed the crypto community’s concerns about Bitcoin’s future on social media.
“Bitcoin won’t die,” CZ predicts
He reassured that the 8% drop in BTC’s price isn’t the end for Bitcoin, urging people to stay calm as it trades below $90,000.
“No need to panic, bitcoin won’t die,” CZ tweeted.
> No need to panic, bitcoin won’t die. 🤷♂️
> — CZ 🔶 BNB (@cz_binance) February 26, 2025
On Tuesday, Bitcoin made a slight recovery, increasing by 2.23% but later dropped to $88,386.
CZ has not sold any crypto
CZ referenced a previous tweet from 2020, predicting Bitcoin’s price to “crash” from $101,000 to $85,000, and repeated it with a hypothetical scenario of prices from $1,001,000 to $985,000. He emphasized that he hasn’t sold any crypto during the current or past market downturns.
Market’s seen 2 Bitcoin ‘God candles’: Samson Mow
Samson Mow, CEO of JAN3, responded to skeptics about his optimistic BTC predictions. He stated that Bitcoin’s current volatility doesn’t eliminate its potential to reach $1 million and noted that the market has experienced two “God Candles,” each raising BTC by $10,000. Mow explained that this represents the normalization of large daily price movements in preparation for even greater increases as Bitcoin gains value.
> I also see Bitcoiners saying “where’s the God Candle?”
> There have already been 2 God Candles (10k) already. The God Candle is just the normalization of 10k daily moves, in preparation for even bigger movements as #Bitcoin becomes more valuable.
> — Samson Mow (@Excellion) February 26, 2025
Comments (0)