š Binance CEO Changpeng Zhao (CZ) predicts a long road to recovery for Bitcoin (BTC), doubting a new all-time high (ATH) before 2025. As the next halving approaches in April 2024, CZ expects the market to face "anxiety, expectations, hype, hope." š
Key points:
- CZ believes BTC price won't double overnight after the halving, but a bull run may follow.
- No "proven causation" between halving and ATHs, as history "does not predict the future."
- Bitcoin currently trades at $27,508, down over 60% since its ATH in November 2021.
What do you think? Will BTC reach a new ATH before 2025? Share your thoughts in the comments! š