To achieve that, Bitcoin demonstrated an approximately 9.25% spike in the past 24 hours, surging from $94,890. Bitcoin first reached $99,280 and then printed two consecutive green candles that took it above $100,000. At the time of this writing, BTC is changing hands at $102,823.
Changpeng Zhao explained this by saying that he has not been buying any dips recently, and his Bitcoin stash has remained the same: “I still have the same number of bitcoins.”
However, he noticed that “everything else became a little cheaper, relative to bitcoin,” either referring to the altcoins he holds, such as BNB, for example, or to altcoin prices in the market at the moment. As for Binance Coin, launched by CZ along with Binance in 2017, on Wednesday, it hit a new all-time high of $793.
The former contained 10 BTC, which is now worth $1,023,075 (which cost $50 in 2012), and the latter’s contents are valued at $5,160,551. According to the aforesaid data source, back in 2011, those 50 BTC were worth $219.
This awakening seems logical now that Bitcoin has finally stepped over the $100,000 threshold, which many Bitcoin maximalists expect to be the first step toward surging to $1 million per BTC.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
