“This Is Still a Dip”: CZ Reacts to Soaring Bitcoin Prices
Bitcoin Prices Today: As Bitcoin prices smash through previous all-time highs, Binance founder Changpeng Zhao (CZ) is urging investors to maintain a long-term mindset. While crypto markets celebrate new records, CZ reminded his 8 million followers on X that this rally is still part of a broader accumulation phase.
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“If you ‘missed’ the previous dips, there will be dips in the future too. And we are still in one now,” CZ wrote on July 11.
With Bitcoin prices now hovering near $120,000, many in the crypto community are torn between chasing the rally or waiting for a correction. But CZ’s message is clear: focus on the fundamentals. He emphasized that the limited supply of Bitcoin, unlike fiat currencies subject to endless printing, will continue to drive long-term demand.
“Remember, by definition, everything before the next ATH is a dip,” he added.
Bitcoin Price Outlook Remains Bullish
Crypto bulls argue that rising Bitcoin prices reflect growing institutional interest, declining trust in fiat money, and expanding use cases in global finance. Bitwise CIO Matt Hougan recently predicted Bitcoin could hit $200,000 by year-end, citing strong ETF inflows and constrained supply.
Standard Chartered echoed that sentiment, projecting BTC to reach $200,000 in Q4 2025. Meanwhile, long-time Bitcoin advocates like Robert Kiyosaki and Arthur Hayes believe the digital asset could eventually hit $1 million per coin, as macro liquidity expands and regulatory clarity improves.
Volatility Is Part of the Game
While critics warn of potential corrections and regulatory pressures, CZ’s framing of current Bitcoin prices as a “dip in disguise” echoes a strategy long embraced by crypto veterans: dollar-cost averaging during all market phases.
His latest comments underscore a growing consensus that Bitcoin’s long-term value lies in disciplined accumulation—not market timing.
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