- CZ’s point is that people should start seeing Bitcoin as essential technology.
- He stated that you don’t “exit money”, just like you don’t exit the internet or AI.
- Spot Bitcoin ETFs have opened the door to an entirely new group of buyers.
Several recent X posts from former Binance CEO Changpeng “CZ” Zhao highlight how long-time Bitcoin holders are perceiving the cryptocurrency. They no longer buy in bear markets and sell when prices spike. More and more, the biggest holders see Bitcoin as a core part of the financial system.
CZ’s point is that people should start seeing Bitcoin as essential technology, rather than something to flip for a profit. He stated that you don’t “exit money”, just like you don’t exit the internet or AI.
Nobody thinks of the internet as something you cash out of, since companies build their businesses on top of it. In the same way, AI is becoming a basic layer of the digital world and not just a passing investment trend. CZ argues that Bitcoin is slowly but surely heading into that category.
Simultaneously, the former Binance CEO reached 12 million followers on X, which he calls “crypto followers.” He used this occasion to once again point out that crypto isn’t going anywhere. He believes that whether it’s AI or people, everyone will keep needing some form of money to buy, sell, and trade with each other.
Why Bitcoin’s Biggest Holders No Longer Think in Cycles
In the past, a lot of crypto investors stuck to a familiar routine of buying during market slumps, holding until the next halving, selling off when prices peaked, moving back to cash, and then doing it all over again four years later.
However, the current Bitcoin market looks very different from previous cycles, drawing a parallel to what CZ has said.
These days, everyday traders aren’t the only ones jumping in and out of Bitcoin, since ETFs, companies, hedge funds, pension funds, family offices, and even governments are piling in. Unlike retail investors, these groups tend to hold for the long haul, perceiving Bitcoin more as a smart long-term bet.
Additionally, corporate treasury adoption plays a big role in this new mentality. For instance, Strategy continues to be on top of the game here, holding approximately 843,775 Bitcoin. Despite the recent $216 million BTC sale, the company’s CEO Phong Le said Strategy doesn’t plan on stopping with the Bitcoin accumulation.
Also, spot Bitcoin ETFs, which just last week pulled in $75.7 million, have opened the door to a whole new group of buyers. Many of these investors are people saving for retirement who tend to rebalance once a year and don’t actively trade crypto. That creates a completely different kind of demand than the previous retail-driven cycles.
Related: CZ Says AI Will Make Crypto Safer at Binance’s Ninth Anniversary
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