U.Today – In a surprising move, former Binance CEO CZ has resurfaced on social media to remind everyone of a (BTC) prediction he made five years ago. CZ, who is currently serving a four-month prison sentence in the US, referred to a 2019 post in which he predicted significant changes once the price of Bitcoin surpasses $8,000.
Now that Bitcoin is trading above $66,000 and has reached highs near $74,000, his forecast looks accurate.
CZ's reappearance on social media has sparked curiosity, especially considering his current legal troubles. In April, he was sentenced to four months in prison after pleading guilty to money laundering charges following his resignation as CEO of Binance.
The cryptocurrency exchange also agreed to a substantial fine of $4.3 billion. Prosecutors had initially asked for a three-year sentence for the 47-year-old businessman, making his four-month sentence seem remarkably light.
Way to the top
Bitcoin itself has seen monumental growth since CZ's initial prediction. The cryptocurrency has a market capitalization of $1.3 trillion and has established itself as a key asset in the financial market, along with traditional investments such as gold and stocks.
Its integration into mainstream finance is underlined by the approval of a spot ETF on the US stock market, broadening its appeal to a wide range of investors, including pension funds.
This article was originally published on U.Today.
