Bitcoin remark from CZ and Coinbase President

“Everything is less expensive now.” As Bitcoin surpassed $100,000 for the first time in its 16-year history, notable figures in the crypto world weighed in on this price milestone. Changpeng Zhao (CZ), the former CEO of Binance, and Brian Armstrong, the CEO of Coinbase, remained unfazed by Bitcoin’s surge past $100,000.

CZ: Everything is Less Expensive Now

CZ, who spent time in jail in the US before returning to Dubai, commented on the significance of Bitcoin’s rise: “Everyone says, ‘Congrats, you made a lot of money from Bitcoin.’ I say, ‘Not really. I still have the same number of Bitcoins. But everything has become much cheaper for me.’”

Reflections from Crypto Leaders

Other notable figures in the crypto world also shared their thoughts on Bitcoin’s move towards $100,000. Former Binance CEO CZ remarked, “I still have the same amount of Bitcoin,” while Coinbase CEO Brian Armstrong reminded us of 2012.

Armstrong’s Perspective

Brian Armstrong emphasized the rapid growth and impact of Bitcoin: “If you had bought 100 Bitcoins when Coinbase launched in 2012, that investment would be worth $1.5 million today. If you still have $100 in paper money, its purchasing power would be $73 in today’s money. Bitcoin is the best-performing asset of the last 12 years. We are still in the early stages. All governments, especially those battling inflation, should consider accumulating Bitcoin reserves.”

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Bitcoin remark from CZ and Coinbase President was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.