Changpeng Zhao, the CEO of the popular crypto exchange BINANCE has declared his steadfastness in hodling two major Cryptocurrencies. This came after a recent prediction over the price of Bitcoin. He believes the price of BTC would come back up, to as much as $70 thousand.
Despite the fluctuations in market conditions, which have lingered for a greater part of the year since the bear market took over, Changpeng Zhao seems more positive about his choice of Cryptocurrencies.
This was revealed in a recent Twitter update by the Binance CEO,
that he still hodls Bitcoin (BTC) and Binance coin (BNB) and hasn’t sold any of the crypto coins. His refusal to sell only shows his strong belief in the gems to do great in the coming seasons.
Currently, the price of Bitcoin (BTC) is down by 70.85% and the Binance coin(BNB)is also down by 65.86% which isn’t much of a beautiful sight but can be traced to the crypto market slump In prices as the bear continues.
According to a previous interview with the CEO in 2021, Changpeng narrated how he purchased Bitcoin (BTC) after selling his house in 2014. This didn’t seem like the best financial investment at the time. Because shortly after his purchase, BTC dropped by about 33.4 percent. Plummeting from 600 dollars to 200 dollars. Yet, he didn’t sell his holding. The Cryptocurrency market has experienced numerous sinusoidal fluctuations since 2014, but the Binance CEO has been able to keep his Bitcoin intact and has refused to sell.
Zhao is worth about $18.7 billion, making him the 77th richest person in the world. Although, his net worth has dropped by about $77 billion as a result of the current cryptocurrency market state. In his statement, the Binance Coin(BNB) which is the native token of BINANCE exchange constituted the majority of his net worth. The native token of the top crypto exchange, by trading volumes, represented the majority of his net worth back then.
BNB MARKET STATS
Price (as of time of documentation)–$236.57
Market Cap —- $38,597,827,594
24 Hour Trading Vol—$1,158,057,944
Fully Diluted Valuation—-$39,032,743,286
Total Supply—– 163,276,974
Max Supply—– 165,116,760
This prediction by Changpeng Zhao about BTC and possible recovery to $70 thousand dollars might seem a bit surreal looking at the current Bitcoin price and fluctuations in the previous weeks. Bitcoin (BTC) is currently trading at $20,155.38(according to CoinGecko). The popular cryptocurrency has struggled to remain at $20thousand dollars and was previously seen to be trading below 20k at $18,750 on June 18.