CZ: Bitcoin’s Record High Is Just Accumulation Phase “There’s More to Come”
Bitcoin has made a strong comeback with a new all-time high, sparking a wave of optimism in the crypto market. However, amid the euphoria, Binance founder Changpeng Zhao (CZ) issued a familiar but sharp warning: “If you ‘missed’ the previous dips, there will still be more dips in the future. And we are still in one.”
Despite BTC approaching or surpassing its all-time high, CZ stressed that investors should maintain an accumulation mindset, especially in the context of continued macro volatility and the market entering a new cycle.
Is the High Price Phase Still a Buy Zone?
In a post on the X-Day platform, CZ asserted that BTC’s record price does not mark the end of the accumulation phase. Instead, it could be part of a long-term revaluation.
“We are still in an accumulation phase,” he wrote, noting that “anything before the next ATH is bearish by definition.”
CZ’s view is reflective of the value investing approach in the crypto market: instead of chasing short-term waves or being influenced by psychological price levels, investors should look at the scarcity and long-term potential of digital assets like Bitcoin.
Fixed Supply and Bitcoin’s Investment Story
CZ also emphasized a core characteristic that makes Bitcoin unique: its limited supply. While fiat currencies can be printed indefinitely by central banks, Bitcoin has a fixed total supply of only 21 million coins.
“There is no limit to how much money can be printed. But Bitcoin does,” CZ wrote, highlighting the fundamental difference between traditional monetary systems and digital assets.
This, along with the decentralization and transparency of the blockchain, strengthens the investment case for Bitcoin as a hedge against inflation and a safe haven for long-term value.
Market sentiment: Between optimism and caution
Bitcoin’s new high is not just the result of FOMO (fear of missing out) from retail investors. In fact, the rally is largely driven by institutional money flowing into hedge funds, banks, and ETFs.
Professional investors are increasingly looking at BTC as a necessary part of a diversified asset portfolio. Large institutions, such as BlackRock and Fidelity, have led the way with their spot Bitcoin ETFs.
However, many experts warn that volatility remains an integral part of Bitcoin, which means even double-digit price corrections are still possible at any time.
Bold Predictions: From $200,000 to $1 Million
Along with the recent surge, bullish Bitcoin price predictions continue to be published:
Matt Hougan, chief investment officer at Bitwise, believes that institutional demand combined with limited supply will push BTC to $200,000 before the end of the year.
Standard Chartered has also made a similar target, predicting BTC to hit $200,000 in Q4, driven by ETF inflows and loose monetary policies.
Other prominent figures such as Robert Kiyosaki (author of “Rich Dad Poor Dad”) and Arthur Hayes (former CEO of BitMEX) have even predicted a $1 million price per Bitcoin in the long term, citing global liquidity and structural changes in the digital asset market.
Conclusion: Is the “peak” just the beginning?
While Bitcoin is currently trading around or above its previous highs, CZ’s message is a reminder that the market doesn’t operate on numbers alone. Major asset cycles are often accompanied by volatility, and maintaining a disciplined accumulation strategy, rather than reacting emotionally, can be the key to success.
As he emphasizes, even if you “missed” the previous dips, there are still other opportunities ahead because the market never goes up in a straight line. And with Bitcoin, the long-term story doesn’t seem to be over yet.