Binance CEO Reflects on Bitcoin, Ethereum, and BNB Price History, Emphasizes Long-term Potential
On Saturday, March 25, Binance Co-Founder and CEO Changpeng Zhao (CZ) took to Twitter to share intriguing insights into the historical price performance of Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB).
CZ’s tweets highlighted the impressive growth of these cryptocurrencies over the years and shed light on their varying market caps.
In his first tweet, CZ urged followers to “zoom out” and consider Bitcoin’s price evolution in four-year cycles, starting from its inception in 2009. He pointed out that BTC’s value has increased exponentially every four years, from $0 in 2009 to $34,000 in 2021. However, he emphasized that historical data should not be considered a prediction or financial advice.
CZ’s second tweet delved deeper into the historical price trends, noting that Bitcoin’s price has grown by 100 times (2 digits) every four years so far. He reiterated that past performance did not guarantee future results and encouraged his audience to view this information cautiously.
The third tweet compared the percentage growth of $ETH and $BNB to $BTC since their respective inceptions. CZ acknowledged that both $ETH and $BNB have outpaced $BTC in percentage growth, but Bitcoin still maintains a higher market cap, earning it the moniker “Grandpa.”
As of 9:00 a.m. UTC on March 26, Bitcoin’s one-week, one-month, and year-to-date ROI stood at -1.88%, +18.72%, and +65.71%, respectively. Ethereum’s ROI for the same periods was -1.81%, +9.06%, and +46.14%, while Binance Coin’s ROI was -4.00%, +7.21%, and +32.65%.
These figures demonstrate the potential long-term growth opportunities in the cryptocurrency market and emphasize the importance of looking beyond short-term fluctuations.
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