Bitcoin has become so popular and functional that even Binance CEO is showering praises on it. CZ has had some good words to describe the top coin in a recent statement.
Coverage:
Binance CEO Believes Bitcoin Has Created Massive Value
In a post on X, Binance CEO Changpeng Zhao (CZ) expressed his fascination with the premier crypto, calling it the greatest business model ever invented. CZ’s praise of Bitcoin is significant especially given that Binance exchange has its own crypto named BNB.
Normally, creators of token don’t get caught being excited about other crypto networks. However, Bitcoin seems to have superseded the tribal alignments in the crypto community and is attracting allies and goodwill from all corners.
CZ said,
Bitcoin is the greatest business model ever invented. The amount of value created, to the creator (although I assume he would never move/use those coins), to the miners, to other industry participants, and to holders.
CZ was particularly interested in the huge value that Bitcoin has created, starting with its own creator, Satoshi Nakamoto, who mined a million coins, going to miners, industry players, and Bitcoin holders.
Bitcoin Mining Revenue At ATH
The statement by Binance CEO was triggered by reports that Bitcoin miners have earned over $44 million in one day, setting a new record in the mining industry that is the backbone of the Bitcoin network.
How, this development has come at a time when Bitcoin transaction fees have increased. This means that miners are now earning much more than they were earning a few weeks ago. The rise of transaction fees may have been due to the increase in mining difficulty as well as transaction volume. Meanwhile, Bitcoin price has pumped to the highs of $37,000.
Satoshi Might Never Move Or Sell
The CEO also added his personal view about Satoshi’s stash of 1 million Bitcoin tokens. CZ seems to think that Satoshi will never move or sell his stash. This could hold true because such a huge move or sale would impact the Bitcoin market.
For one, Satoshi’s loud silence since his disappearance from online chatter back 2011 has been a subject of much speculation. Some are of the opinion that the Bitcoin creator could be dead, rendering the massive stash totally inaccessible and lost forever – especially if no next of kin was involved.
Others are of the opinion that the creator is just out somewhere watching over the evolving and blooming Bitcoin ecosystem, and that he/she might step out into the limelight someday when the time is right.
