A former executive of the world\u2019s largest cryptocurrency exchange expects that Bitcoin could soar higher than the $100,000 level.<\/p>\n
Former Binance CEO Changpeng Zhao believes that the firstborn cryptocurrency is capable of hitting a higher price point, following its brief recovery to $100,000 on Tuesday.<\/p>\n
Bitcoin<\/a> embraced the new year on a positive note as the crypto recorded a recovery that catapulted it to reach the $100,000 mark.<\/p>\n Zhao, who is also the founder of Binance, suggested that the top crypto asset can do better and surpass the $100k price point.<\/p>\n \u201c100k is boring, right?\u201d Zhao said in a post, responding to Bitcoin recovery.<\/p>\n Investors have seen Bitcoin reclaim its lost glory after hitting $100,000 after the digital asset slid down the key level on December 19, staying below $100,000 for quite some time before gaining momentum to propel it to this milestone level.<\/p>\n 100k is boring, right?<\/p>\n \u2014 CZ BNB (@cz_binance) January 7, 2025<\/a><\/p>\n Zhao, popularly known as CZ, asserted that Bitcoin is far more capable of reaching a price point beyond $100k. Hence, the former crypto firm executive was not surprised with BTC making a comeback and surging in the last 24 hours.<\/p>\n The ex-Binance CEO\u2019s post on X sparked excitement among members of the cryptocurrency community as Zhao\u2019s post suggests that BTC prices could go up.<\/p>\n Last month, Bitwise executive Matt Hougan predicted that the bullish run<\/a> for cryptocurrency would still gain momentum until 2025. Hougan expects that other top crypto assets would soar in price such with Bitcoin leading the charge.<\/p>\n Hougan believes that BTC could reach as high as $200,000 before the end of 2025, claiming that inflows from the Bitcoin ETFs could fuel the demand from corporate entities. This, as a result, would increase their exposure to the premier crypto asset.<\/p>\n Positive Sentiment Continues<\/strong><\/p>\n Zhao has a positive outlook for cryptocurrencies, saying that 2025 would be a \u201csend it\u2019 year\u201d for digital assets. According to analysts, the term \u2018send it\u2019 is being used when there is excitement surrounding cryptos brought by soaring prices.<\/p>\n If you ever wondered why people tweet 4, it came from this tweet 2 years ago today. In hindsight, should\u2019ve made \u201c4\u201d the \u201c0\u201dth point. <\/p>\n 2025 will be a \u201csend it\u201d year. https:\/\/t.co\/6f27u0mYez<\/a><\/p>\n \u2014 CZ BNB (@cz_binance) January 3, 2025<\/a><\/p>\n Other market analysts agree that digital assets would experience a surge in their prices in 2025, which would be driven by crypto adoption from institutional investors and national governments.<\/p>\nBitcoin Destined To Reach New Heights<\/strong><\/h2>\n