Binance's CZ Predicts Even Bigger Gains for Bitcoin After Historic $122K Surge

Hang onto your hats, crypto fans! Changpeng 'CZ' Zhao, the mastermind behind Binance, is dropping some serious wisdom bombs about Bitcoin's mind-blowing new high. That's right, BTC just smashed through the $122,000 barrier for the very first time, and CZ thinks we're just getting started.

On July 14, the Binance boss took to the digital streets to share his thoughts with all you traders still surfing the BTC wave. And trust me, you're gonna want to hear this.

CZ, who's been holding Bitcoin since way back in 2014, says this excitement reminds him of the good old days when BTC hit $1,000 in 2017. But hold up, that's chump change compared to where we're at now!

"It took three years to reach an ATH of $1,000 again in January 2017. We were excited. Now, that is just a small fraction, less than 1% [of the current Bitcoin value]," CZ dropped.

And get this, he's calling the $120k milestone just a tiny speck in the grand scheme of things. In his crystal ball, BTC is about to hit numbers that'll make today's high look like pocket change.

"Today, you might be excited by the current ATH. In a few years, this will be just a fraction," CZ teased.

Bitcoin skyrocketing to new highs

Listen up, the numbers are in and they're wild! Bitcoin's been on a tear, skyrocketing nearly 3.5% in the last 24 hours. This beast of a cryptocurrency smashed through the $120,000 mark earlier today and it's not slowing down. Right now, BTC is trading hands at a whopping $122,295.

Just after blasting past $120k, BTC didn't stop there. It shot up another $2,000, breaking into uncharted territory like never before since its wild ride began in 2009. It took 16 years, but BTC finally broke the $120,000 ceiling. And it's holding steady around the $122,200 mark, ready for the next big leap.

Right now, BTC is rubbing shoulders with the big dogs, sitting pretty as the fifth-largest asset by market cap, just behind Apple, Microsoft, NVIDIA, and Gold. Its market cap's a cool $2.43 trillion, leaving Amazon in the dust by a few billion.

But wait, there's more! Bitcoin's daily trading volume is also riding high on this rally. It's up a massive 94.2% from the last trading day, soaring above $44 billion. That's a lot of action, and most of it's coming from centralized exchanges like KCEX, Binance, and CoinW.