Binance’s CEO CZ on the return of “Bitcoin is a Bubble” FUD
The CEO of Binance, Changpeng Zhao, recently addressed the doubt of “Will Bitcoin Bubble Burst?” panic.
In a Twitter thread, Binance CEO and industry veteran Changpeng Zhao called out false and speculative headlines stating Bitcoin is in a bubble.
CZ slammed similar headlines with every rapid decline in BTC price, saying “Here we go again,” referencing a news piece headlined “Is the Bitcoin Bubble About to Burst?”
The crypto community has found humor in the fact that several prominent international media sites have been flinging similar headlines with every rapid dip in the BTC price.
CZ, CEO of Binance, also alluded that he was surprised by the news and questioned where such stories had gone following the market drop.
The most surprising aspect was Zhao’s interpretation of the event as a portent. There is a school of thought in the cryptocurrency business that says “bubble” news means the BTC price has hit rock bottom. This is presumably what Changpeng Zhao was referring to. According to Zhao, this “marks a point” in the news.