Binance CEO: Bitcoin Could Stay Below $69,000 Peak for Two Years

DailyCoin | Jun 24, 2022 02:00PM ET

• Changpeng Zhao sees Bitcoin price concerns as relative. He commented that four years ago people would have been happy with the current price of $20,000.
• The CEO did not comment on the investigation that the SEC is conducting to the company for violation of regulations.
• According to Zhao, the worst part of the crypto winter that devastated the price of BTC and the other cryptos has already passed.

 1111According to Changpeng Zhao, CEO of Binance, the world’s largest cryptocurrency exchange, the price of Bitcoin (BTC) could remain below its all-time high of $69,000 for at least two years, after the recent stock market crash. cryptocurrencies.

The world’s largest coin by market capitalization traded below $20,000 last week. The drop represented further losses for investors who still hold significant positions in the token.