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The Coin Rise 2025-01-05 21:36:37

“Price is a Distraction” Binance Founder Echoes Elon Musk

“Price is a Distraction” Binance Founder Echoes Elon Musk

A recent X post from Elon Musk has sent the tech ecosystem buzzing with discussion. A portion of his post stated, “We’re going straight to Mars. The Moon is a distraction.” This post immediately received a lot of replies, including one from the former CEO of Binance, Changpeng ‘CZ’ Zhao. Elon Musk Triggers Prioritization Talk in Crypto For those in the crypto ecosystem, “moon” is synonymous with making huge profits and massive investments. This concept likely triggered Zhao to respond to Musk’s tweet. CZ pointed out that chasing price is a distraction. This statement echoes the Binance founder’s long-term stand on crypto enthusiasts changing their priorities. He is more concerned with getting these entities to focus on the big picture and develop products that make a difference. Zhao says this is more sustainable and creates value than chasing short-term market movements. There you have it. Elon just said price is a distraction. Keep building. 🤣 https://t.co/Ilf7Lq4V2h — CZ 🔶 BNB (@cz_binance) January 5, 2025 Once crypto enthusiasts develop products that can sell themselves, a price increase is likely to follow naturally. CZ Bullish About 2025 Before this time, CZ had clearly stated that 2025 would be a “send it” year, aligning with his view of cycles in the cryptocurrency market. He believes recovery years and initial bear markets always come before bull market years. CZ, seeking a pardon from Donald Trump , has already categorized 2024 as a recovery year and 2025 as a bull market year. With this in mind, the focus should not be on prices and their pursuit of the “moon.” Bitcoin Price Dips In 24 Hours Meanwhile, the prices of quite several cryptocurrencies have been fluctuating sideways in the last few weeks. Some factors likely trigger this outlook. The firstborn digital asset, Bitcoin (BTC), trades at $98,320.19 after losing 0.4% of its price level within 24 hours. A few analysts believe there will be a further drop in the coming weeks. They warn that Bitcoin price may slump below $60,000 by January 20, during Donald Trump’s inauguration. There have been signs of incoming bearish sentiments, including the movement of over 33,000 BTC, worth $3.23 billion, to exchanges. The post “Price is a Distraction” Binance Founder Echoes Elon Musk appeared first on TheCoinrise.com .

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