‘There Will Be More Dips’: CZ Sees Record Bitcoin Prices as Accumulation Phase

CN
10 hours ago

Crypto markets are showing renewed strength as bitcoin pushes toward record territory, prompting seasoned voices to reframe current levels as continued buying opportunities. Binance founder and former CEO Changpeng Zhao (CZ) stated on social media platform X on July 11 that, despite the rally, investors should still view this phase as a long-term accumulation window. He advised:

If you ‘missed’ the previous dips, there will be dips in the future too. And we are still in one now.

Zhao pointed to a fundamental contrast between traditional monetary systems and bitcoin’s fixed supply, stating: “There are no limits to mathematical numbers or fiat printing, only limited number of bitcoins.”

He emphasized that price milestones should not distract from the underlying market cycle, reinforcing a mindset popular among long-term holders: “Remember, by definition, everything before the next ATH [all-time high] is a dip.” While bitcoin nears its previous all-time highs, some investors see rising prices not as a signal to wait, but as confirmation of bitcoin’s continued relevance in an inflation-prone macro environment. Zhao’s comments support the thesis that scarcity and decentralization continue to underpin bitcoin’s investment case.

Supporters of the crypto market argue that recent strength validates structural tailwinds: growing institutional interest, declining trust in fiat systems, and the expanding role of crypto in global finance. Critics, meanwhile, warn of price volatility and regulatory overhang. Still, advocates contend that disciplined accumulation—even during price surges—has historically outperformed reactionary strategies tied to short-term swings.

Many analysts and investors offer bullish forecasts for bitcoin’s price trajectory, including Bitwise CIO Matt Hougan, who sees sustained institutional demand and limited supply driving bitcoin toward $200,000 by year-end. Standard Chartered also projects BTC to reach $200,000 in Q4 amid exchange-traded fund (ETF) inflows and policy catalysts. Others, including Robert Kiyosaki and Arthur Hayes, anticipate a long-term rally to $1 million per coin, citing macro liquidity expansion and structural changes in digital asset markets.

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