Summary
- Changpeng Zhao, founder of Binance, predicted that countries will print unlimited money to buy Bitcoin.
- The media reported that the United States and China are significantly increasing their money supply.
- The price of Bitcoin is reported to have fallen by 1.53% to $107,372 compared to 24 hours ago.
Changpeng Zhao, co-founder of Binance, predicted that the competition among global countries to purchase Bitcoin (BTC) will intensify.
According to DeepNews on the 25th (local time), Changpeng Zhao stated, "The demand for Bitcoin by sovereign countries is increasing. Countries will print unlimited money to buy Bitcoin."
The media reported, "The United States and China are significantly increasing their money supply. Trillions of dollars will flow into the virtual asset (cryptocurrency) market."
As of 9:10 PM, Bitcoin is trading at $107,372 on the Binance USDT market, down 1.53% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
