Binance founder Changpeng ‘CZ’ Zhao recently addressed the persistent “Bitcoin is dead” claims circulating on social media, using his X account to emphasize Bitcoin’s resilience in the face of recurring skepticism.
Sharing a link to the “Bitcoin is Dead” website, which tracks over 385 articles predicting Bitcoin's demise, CZ highlighted how these claims contradict Bitcoin’s growth and influence in global finance.Despite regular predictions of its end, Bitcoin remains the most recognized cryptocurrency and a foundational element of decentralized finance.
Bitcoin’s recent surge in market cap, which now surpasses that of silver, along with a trading price of $89,482 and a 24-hour volume of $135 billion, reinforces its standing in the market. With a 30% gain in the past week and a 42% increase over the past month, Bitcoin’s recent performance has silenced many critics, underscoring its role as a dominant asset.
As the largest cryptocurrency exchange, Binance has played a pivotal role in expanding Bitcoin’s adoption and ecosystem. However, Binance and CZ also face challenges, including a $1.8 billion lawsuit from FTX, which demands the return of funds. This ongoing case highlights the regulatory hurdles Binance confronts as it continues to support Bitcoin’s growth and stability within the broader financial landscape.
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