Binance Founder Reflects on Missed Gains as Bitcoin Hits New High

Zhao, who is known for his long-term approach, said he feels bad for anyone who exited their Bitcoin positions before the $100,000 mark

Former Binance CEO Changpeng Zhao (CZ) reacted to Bitcoin's recent pass of the $111,000 mark with sympathy for those who sold their coins below $77,000. His comments came as the price surge had everyone talking.

Binance Founder Feels Sorry For Those Who Sold Bitcoin Below $77,000

Zhao, who is known for his long-term approach, said that he feels bad for anyone who exited their Bitcoin positions before the $100,000 mark, especially those who sold around $77,000. He advised traders to check the yearly chart once in a while.

suggesting that short-term thinking often leads to regret — especially now that the likelihood of seeing $100,000 is fading.

His comments follow Bitcoin's strong rally, which has pushed its market cap to $2.2 trillion, making it the fifth-largest asset in the world—surpassing Amazon.

Zhao has shared in the past that he entered the Bitcoin market when it was already trading around $600. Despite not being an early adopter, he has held firm to a strategy focused on long-term impact rather than short-term gains. He has also made it clear that he doesn't chase new coins, choosing instead to hold BTC and BNB.

His message echoes that of another Bitcoin believer, Michael Saylor. The former CEO of MicroStrategy stated on his X page that no one loses money by buying Bitcoin. According to data shared by analyst Crypto Rover, Saylor's strategy has worked. His company now sits on an unrealized profit of $22.7 billion from its Bitcoin holdings.

Profits Mount For Whales and Nations

While some may regret exiting early, others are enjoying significant gains. Bitcoin whale James Wynn is now sitting on an unrealized profit of over $39 million from a highly leveraged position valued at $1.14 billion. The jump in price has worked in his favor, especially with a 40x long position.

El Salvador is also benefiting. The country's Bitcoin portfolio, shared by President Nayib Bukele, shows a total value of $677 million. The government initially invested around $291 million. The current unrealized profit sits at $386 million, a 132% increase. Notably, the country hasn't sold any of its holdings, proving it remains committed to Bitcoin as a long-term asset.

This optimism is reflected in the market mood. The Bitcoin Fear and Greed Index now stands at 72, showing strong greed. This greed indicates that people are excited and don't want to miss out, leading to FOMO (fear of missing out). Usually, FOMO encourages more buying activity, which could push prices even higher.

Next Key Levels In Sight As Bullish Sentiment Builds

As for what's next, analyst Ali Martinez highlighted the key levels to watch. As Bitcoin enters price discovery, the next major targets are $116,000, $126,000, $136,000, and $148,000. With no past resistance above the current level, the coin could continue climbing freely.

There are several reasons why Bitcoin is gaining strength. One key factor is the U.S. government's announcement of a Strategic Bitcoin Reserve and a Digital Asset Stockpile. This announcement hints at a more supportive regulatory approach and confirms growing interest from governments and institutions in crypto.

Institutional adoption is also on the rise, while global market shifts, like the U.S.-China trade agreement continue to create a more stable environment for risk assets like crypto to flourish.

With all these factors aligning, confidence in Bitcoin's upward movement continues to grow. It's no surprise then that analysts like Arthur Hayes have forecast that the price of Bitcoin could rise above $250,000 by the end of 2025. So if the current momentum continues, that prediction might come true.

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.