However, since it was slightly abstract, commentators interpreted it in their own way.
Judging by his previous tweet which announced the beginning of “a new era” and the reaction of the crypto community to both, CZ referred to the inauguration of the new US president as he took office on Monday with Elon Musk and other big figures from the financial world visiting it and giving speeches to the audience.
However, some began criticizing Donald Trump for launching his own meme coin on the Solana chain on his first day as president, calling it an “s-coin” and saying they were embarrassed to see this. They also claimed that the new president will hardly benefit the cryptocurrency space contrary to the wide-spread opinion that he would and despite his promises made before the election in November.
CZ did not enter any debates about that, nor did he name the president in either of his tweets but the timing when they were released clearly indicates that he commented on the Monday’s big US political event.
On the same day, BTC scored a new all-time high, rising to the $109,114 price mark ahead of the aforementioned key political event in Washington D.C. In a tweet published over the weekend, CZ doubled down on his recent statement that he believes now to be “early” times for Bitcoin, investment in crypto and the opportunities it offers.
By now, the BTC price has plunged by 6.55% and is changing hands at $102,307 per coin.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
