Bitcoin, Changpeng Zhao's assessment as an "asset that keeps rising"
Original headline비트코인, ‘계속 오른 자산’이라는 창펑 자오 평가
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Former Binance CEO Changpeng Zhao said bitcoin is not a store of value but an asset that has kept rising, replying to a post about a dormant wallet holding 8.18 BTC originally bought for about $470 and valued at roughly $660,000 when the post was published. The post said the wallet had become active again but did not disclose whether the holdings were sold, and the $660,000 figure reflects the position's mark-to-market value rather than realized proceeds. Zhao's comment reframes bitcoin's appeal around appreciation rather than value preservation, a notable stance from the exchange's founder. What to watch next is whether the reactivated wallet's coins are sold and whether other long-dormant holdings follow.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
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Changpeng Zhao, Bitcoin (BTC), Binance, Foresight News
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