Bitcoin Falls: CZ Of Binance Responds And Reassures Traders

Bitcoin is going through a turbulent phase that would give cold sweats to a fighter pilot. In one week, the flagship crypto has lost more than 4% of its value, now flirting with $80,000. A brutal correction that is shaking investors. But while some traders panic, Changpeng Zhao, aka CZ, former head of Binance, is trying to play the firefighter. According to him, this is just one episode among many, and major cryptos should come out honorably. Is this really reassuring the market or just simple rhetoric?

“HODLing is never easy“: CZ reminds us of the fundamentals

While Bitcoin is dropping, CZ adopts a stoic stance. “HODLing is never easy“, he confides, to remind us that the crypto journey is fraught with obstacles. Early investors are well aware of this infernal ride: with dizzying ups and downs, a strong stomach is required.

However, some are screaming manipulation. A trader expresses outrage on X:

It’s a manipulation game. Exchanges know where BTC is headed while retail is fooled with FOMO related news.

CZ responds immediately: “How could an exchange know where BTC is going?“

Behind this question, a real war of perception is unfolding. On one side, those who believe that trading platforms are one step ahead and orchestrate the volatility for their profit. On the other, those like CZ, who assert that only the long term matters. According to him, the major trends – blockchain, AI, biotech – are easy to discern.

The question remains whether the crypto market can truly escape economic shocks.

• The price of Bitcoin has dropped to $77,527, its lowest level since November;
• The Nasdaq has lost more than 4%, recording its worst drop since 2022;
• CZ believes that major cryptos should withstand;
• Small investors accuse platforms of manipulation;
• Confidence in the market is under severe strain.

So, should we expect a real storm or just a passing turbulence?

Bitcoin trading in turmoil: bubble or historical opportunity?

While Bitcoin wobbles, Robert Kiyosaki, the author of Rich Dad Poor Dad, sounds the alarm. “The bubble is bursting“, he warns, prophesying a crash worse than that of 1929. According to him, now is the time for caution… and for good deals. 

“This could be the opportunity of a lifetime,” he assures.

His advice? 

Stay calm, observe, and jump on undervalued assets.

The question arises: is BTC still a good investment? Between the fall of Wall Street and the decline of altcoins, investors are wondering. Some are betting on a swift recovery, while others fear a long descent into hell.

Kiyosaki is betting on bitcoin, alongside gold and silver.

The truth is that the crypto market has always operated like a roller coaster. Those who have held on in the past have sometimes hit the jackpot. But in a tense economic context, will confidence be enough to restart the engine? And above all, who will have the courage to HODL until the end?

Beyond bitcoin, the malaise is widespread. Altcoins are also plunging, and Wall Street recorded one of its worst sessions yesterday. Is a major crisis brewing? For now, the only certainty is that the climate remains explosive.