As a seasoned crypto investor with a decade of experience under my belt, witnessing Bitcoin surpass $100,000 for the first time is nothing short of exhilarating. I remember when BTC was trading at just a few dollars back in 2011, and now here we are!
The co-founder of Binance, Changpeng Zhao (commonly referred to as CZ), shared a tweet discussing the predicted rise in Bitcoin‘s price above $100,000 and disclosed an important detail about his personal Bitcoin holdings.
Bitcoin finally breaks above $100,000
There’s a lot of excitement across the crypto community on social media giant platforms, as Bitcoin, the original cryptocurrency, has just broken through the $100,000 mark for the first time ever, setting a new record-high price. This significant milestone was reached by Binance co-founder only a few hours ago.
In the last 24 hours, Bitcoin experienced a significant increase of around 9.25%, climbing from $94,890 to reach as high as $99,280 and then printing two successive green candles that propelled it beyond $100,000. As we speak, the price of Bitcoin is being traded at $102,823.
CZ admits to not having made huge profit on BTC spike
Not quite.
As a researcher, I must clarify that I haven’t made any monetary gains from Bitcoin per se. Instead, the value of my Bitcoin holdings has risen due to an increase in its price compared to other assets or currencies, making it seem like I’ve made money.
— CZ 🔶 BNB (@cz_binance) December 5, 2024
Changpeng Zhao stated that he hasn’t purchased any Bitcoin during recent price drops, and his holdings have stayed constant, which means he still owns the same amount of Bitcoins.
Conversely, he observed that other items seemed less expensive compared to bitcoin, whether it was his BNB holdings or the current market prices of other altcoins. Notably, Binance Coin, introduced by CZ together with Binance in 2017, reached a new peak price of $793 on Wednesday.
Ancient Bitcoin whales awaken
As reported by the well-known cryptocurrency tracker Whale Alert, which monitors significant cryptocurrency transactions, it’s been revealed that two old digital wallets have recently become active again after being dormant for over a decade – one since 2012 and the other since 2011.
Initially, the first one held 10 Bitcoins, which are currently equivalent to around $1 million (a purchase of just $50 back in 2012). On the other hand, the second one’s value is estimated at approximately $5.2 million according to the given data source. Interestingly, those same 50 Bitcoins were only worth $219 way back in 2011.
⏳ An inactive bitcoin wallet with a balance of 50 BTC (equivalent to approximately $5,160,551 today) has suddenly become active again after being dormant for around 13 years ($219 worth at the time it was last used in 2011)!
— Whale Alert (@whale_alert) December 5, 2024
As a researcher studying cryptocurrencies, it feels validating now that Bitcoin has crossed the $100,000 mark – a milestone long anticipated by many Bitcoin enthusiasts as the initial step towards reaching a potential value of $1 million per BTC.
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2024-12-05 12:27