Binance Co-Founder CZ Says Earlier Bitcoin Drop Message Was Pure Coincidence
JH Kim
Summary
- Changpeng Zhao, or CZ, said he is always optimistic about the cryptocurrency market.
- CZ said it was “pure coincidence” that a message he posted before Bitcoin’s drop turned out to be correct.
- He also said the message was not meant as a forecast of a short-term decline in Bitcoin’s price.
Forecast Trend Report by Period
Changpeng Zhao, Binance’s co-founder known as CZ, said he remains consistently bullish on the cryptocurrency market and that an earlier message he posted ahead of Bitcoin’s decline aligned with the market move by pure chance.
Cointelegraph reported on October 5 that, discussing his market outlook, CZ said, “I’m always optimistic, and my odds of being right are a little better than 50%.”
He described it as “pure coincidence” that his earlier message, posted before Bitcoin fell, matched the market’s move.
CZ added that the message was not intended as a prediction of a short-term drop in Bitcoin’s price.
JH Kim
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