Although Bitcoin has fallen to the level of 34 thousand dollars since the beginning of the year, it usually fluctuates at the level of 45 thousand dollars. Changpeng Zhao, the founder and CEO of Binance, the world’s largest crypto exchange, aka CZ, responded with a comment to the Twitter account of Michael Saylor, CEO of MicroStrategy, which is frequently on the agenda with Bitcoin purchases.
Binance CEO CZ: I don’t have the cash to buy the bottom for Bitcoin!
Michael Saylor, CEO of MicroStrategy, who is one of the indomitable defenders of the leading crypto Bitcoin (BTC) and came to the fore with BTC purchases, as we have mentioned in the news of Kriptokoin.com, recently shared a post on his Twitter account, 190 announced that it has purchased 4,167 Bitcoin (BTC) for a million dollars in cash.
MacroStrategy purchased an additional 4,167 Bitcoins for approximately $190.5 million at an average price of approximately $45,714 per BTC. As of 4/4/2022, MicroStrategy holds approximately 129,218 Bitcoins. It was purchased for ~$3.97 billion at an average price of ~$30,700 per bitcoin.
MicroStrategy’s CEO has thousands of comments and comments on this post by his followers. got likes. Changpeng Zhao, the founder and CEO of Binance, was among those who commented on Michael Saylor’s post. Quoting a tweet from MicroStrategy’s CEO, CZ shared:
A lot of people talk about buying dips. However, when the bottom comes, they panic and sell instead of buying.
Continuing with his comments after this post, CZ asked why he was doing something in this direction. And for not making a move, he offered an interesting reason such as ‘I don’t have any cash’:
I don’t buy the bottom. Because I have no cash.
Changpeng Zhao’s justification for such a reason Cryptokoin.com followers It didn’t seem strange to him. Because, as we have mentioned in our previous news, CZ has announced that he keeps all his money in crypto money, except for cash as much as he may need.
According to CoinMarketCap data, the leading crypto Bitcoin was trading at $45,941 at the time of writing, up 0.35% in the last 24 hours. BTC is at a discount of 33% from its all-time high of $69,000 when it was sighted about 5 months ago.
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