Binance Founder Changpeng Zhao Says “$100K is Boring” as Bitcoin Recovers Key Level

Former Binance CEO Changpeng “CZ” Zhao asserts that the $100,000 price point is “boring” in response to the recent Bitcoin recovery.

Much to the relief of most crypto proponents, Bitcoin is back above the $100,000 price point. The asset had fallen below the keenly watched level on December 19 due to Fed hawkishness. Amid its recent recovery, former Binance CEO Changpeng “CZ” Zhao is stoking excitement.

“100K is Boring”

Former Binance CEO Changpeng “CZ” Zhao has asserted that the $100,000 price point is “boring” in response to Bitcoin’s surge back above the level over the past 24 hours, the first time the asset has traded above it since December 19.

“100K is boring, right?” Zhao wrote in an X post on Tuesday, January 7.

The statement triggered excitement as it suggests that Zhao is anticipating higher prices for Bitcoin. Zhao himself has alluded to this in recent statements. 

On January 3, the influential crypto figure dubbed 2025 a “‘send it’ year.” Crypto enthusiasts often use the phrase ‘send it’ to express excitement when asset prices are soaring.

The sentiment comes as several analysts maintain that Bitcoin’s price is set to soar higher in 2025, with some, like Bitwise CIO Matt Hougan, tipping the asset to hit the $200,000 price point driven by institutional adoption and nation-state interest.

While Binance’s Zhao has not offered a Bitcoin price prediction for 2025, he has in the past implied that he expects the asset to one day exchange hands for $850,000 per coin.

Speaking at Bitcoin MENA 2024, he asserted that the asset would eventually surpass gold in market capitalization. For context, gold boasts a market cap of $17.8 trillion at the time of writing. On the other hand, Bitcoin has a valuation of $2 trillion.