Bitcoin Explodes to $111,000: CZ Sends Message to Early Sellers
Bitcoin recently broke past $111,000, catching the attention of many in the crypto world. Changpeng Zhao (CZ), the former CEO of Binance, responded to the rise by saying he feels sorry for people who sold their Bitcoin below $77,000. His comments came after the price jump, which has started fresh discussions among investors.
In short, CZ sympathizes with those who sold BTC at $77,000. El Salvador's Bitcoin holdings now show a profit of 132%. Experts estimate Bitcoin could reach over $250,000 by 2025. Binance’s founder talks about missed gains as Bitcoin hits new records.
Zhao is known for his long-term views. He said he feels bad for anyone who sold their Bitcoin before it hit $100,000, especially those around $77,000. He suggests traders should check the yearly chart from time to time. Short-term thinking often leads to regret, especially now that chances of seeing $100,000 again are shrinking.
His comments come after Bitcoin surged, bringing its market value to about $2.2 trillion. That makes it the fifth biggest market in the world, even larger than Amazon.
Zhao shared that he entered Bitcoin when it was already around $600. He wasn’t an early buyer but has stayed focused on long-term gains. He clarified that he isn’t chasing new cryptocurrencies. Instead, he holds onto Bitcoin and BNB.
His message is similar to that of Michael Saylor, another Bitcoin fan. Saylor said buying Bitcoin doesn’t lead to losses. Data from analyst Crypto Rover shows Saylor’s strategy has paid off. His company now has an unrealized profit of $22.7 billion from its Bitcoin holdings.
Whales and countries are also making big gains. Bitcoin whale James Wynn has over $39 million in unrealized profits from a $1.14 billion position, which is highly leveraged. His large, long position benefited from the recent rise.
El Salvador also profits. Its Bitcoin stash, shared by President Nayib Bukele, is worth about $677 million. The country initially invested around $291 million. Its unrealized profit is now $386 million, a rise of 132%. The country has not sold any of its Bitcoin, showing its belief in holding long-term.
Market sentiment shows optimism. Bitcoin’s Fear and Greed Index is now at 72. This level shows greed and excitement. Many people don’t want to miss out, which can lead to more buying. This could send prices even higher.
Analyst Ali Martinez pointed out key levels to watch. As Bitcoin looks for its next move, the next target prices are $116,000, $126,000, $136,000, and $148,000. With no resistance above current levels, the price might keep climbing.
Several reasons explain Bitcoin’s strength. One big factor is the U.S. government’s plan to create a Bitcoin reserve and a stockpile of digital assets. This signals a friendlier regulatory stance. It also shows interest from governments and big organizations is growing.
More institutions are using Bitcoin. Changes in global markets, like the U.S.-China trade deal, help make risks safer for assets like crypto.
With these signs pointing up, confidence in Bitcoin keeps growing. Experts like Arthur Hayes predict Bitcoin could reach over $250,000 by the end of 2025. If the current trend continues, this could become true.