The cryptocurrency community celebrated Bitcoin’s ascent to $100,000 earlier today. The spike is noted to be a great deal to the entire market. Since those who invested in the asset early on were gaining major profits. Since its origin, the king coin has surged by a staggering 166524015.06%. Amidst this, Changpeng Zhao, the man behind Binance revealed his gains after BTC’s latest uptick.
Also Read: Bitcoin Day: A $100 BTC Investment In 2012 Is Worth $1,500,000 Today
Bitcoin’s New High
According to recent data, Bitcoin recorded a brand new all-time high of $103,900.47 earlier today. This surge comes after a 50% throughout the last month. Currently, Bitcoin is trading at $102,967.39 after witnessing a slight setback of 1% from its peak. The king coin’s daily uptick remains at a positive 6.41%.
Jeff Mei, COO At BTSE, Hong Kong, spoke about the king coin’s rise and said,
“Bitcoin’s surge past the $100,000 mark is not just a milestone; it represents a pivotal moment for the cryptocurrency industry. The confidence is spurred by an increasingly favorable regulatory environment in the U.S., particularly with the appointment of Paul Atkins to chair the SEC. This is likely to drive further institutional investment in the sector, giving Bitcoin more credibility and leading to a new wave of adoption.”
Also Read: Michael Saylor’s Bitcoin Masterclass: The Mainstream Era Is Here
CZ’s Profits
Binance co-founder CZ noted that many investors have seen their earnings rise when the notable price spike occurred. But sadly he was not among them. He further revealed that he has not been buying any drops recently. As a result, his Bitcoin holdings have stayed unchanged. In addition, he did not shed light on how much BTC he holds. The co-founder was rather vague about it.
But, he saw that “everything else became a little cheaper, relative to Bitcoin,” perhaps referring to the altcoins he possesses or the current altcoin values on the market.
Also Read: Cardano: AI Predicts When ADA Will Breach Its All-Time High of $3.09
