Binance’s CZ Says Crypto Price Fluctuations Normal as Industry Is Still Growing

Jun 23, 2022

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Binance’s CZ Says Crypto Price Fluctuations Normal as Industry Is Still Growing

Originally posted here.
By: Adewumi Victor

Overview

Changpeng Zhao, the CEO of the popular crypto exchange Binance, has said it might take Bitcoin some months to a couple of years to get back to the all-time-highs previously reached by the coin. ChangPeng told Guardian ePaper, a UK-based news outlet, that he believes if investors in 2018 were told that Bitcoin would be $20k in 2022, they would have been very happy. However, he admitted that the current $20k price of Bitcoin is low considering its previous highs.

CZ said, “I think given this price drop from the all-time high of 68k to 20k …

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