Binance founder Changpeng ‘CZ’ Zhao recently took to X to counter claims that “Bitcoin is dead.” Sharing a link to the “Bitcoin is Dead” website, Zhao emphasized the enduring skepticism that Bitcoin faces despite its significant influence in global finance.
Bitcoin continues to hold strong as the most widely recognized cryptocurrency. CZ message underlines Bitcoin’s resilience, as skeptics have repeatedly predicted its demise, yet Bitcoin continues to thrive and grow in market prominence.
CZ Binance Pushes Back on “Bitcoin Is Dead” Claims
In an X post on November 12, Binance founder Changpeng ‘CZ’ Zhao commented on the recurring narrative of Bitcoin death. He encouraged users to critically evaluate the opinions of skeptics, sharing a link to a website titled “Bitcoin Is Dead” that tracks these claims.
The “Bitcoin is Dead” page on BuyBitcoinWorldwide, shared by CZ Binance, lists 385 articles declaring Bitcoin supposed demise from various sources. The repeated “obituaries” underscore the ongoing skepticism Bitcoin faces despite its growth and adoption. These claims stand in stark contrast to Bitcoin’s expanding role in finance and its strong supporter base.
Bitcoin advocates argue it remains a pivotal technology for decentralized finance, often facing scrutiny from traditional finance. CZ Binance’s post further underscores Bitcoin’s resilience and evolution, affirming its place in the crypto world.
Binance’s Role and Growing Ecosystem
Binance, the largest cryptocurrency exchange, continues to expand its services and network, supporting Bitcoin role in the market. As more users turn to Binance for trading and asset management, the exchange influence on Bitcoin adoption has only grown.
BTC price recent surge has further silenced critics. Trading at $89,482, Bitcoin has achieved a 24-hour high of $89,783 and a low of $80,750, with a 24-hour trading volume reaching $135 billion. Its market cap has surpassed silver’s, showing a 30% gain over the past week and a 42% increase over the past month, cementing its position as a dominant asset in the global market.
Amid this support for Bitcoin, Binance and Changpeng ‘CZ’ Zhao also face a recent lawsuit from FTX, which demands the return of $1.8 billion in funds. This ongoing case highlights the regulatory challenges Binance faces while driving forward the adoption and stability of Bitcoin in the broader ecosystem.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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