Bitcoin, the flagship cryptocurrency has broken multiple highs today and has now reached the $86k milestone. The rally has garnered reactions from the global market and top figures in the industry. One of them is former Binance CEO, Changpeng Zhao. The previously imprisoned billionaire took to his X (formerly Twitter) account to comment on the development.
In his post, he simply wrote “Crossing the chasm, finally,” indicating Bitcoin’s resilience in the face of a strictly regulated industry. CZ’s comment draws from a popular marketing book by Geoffrey A. Moore. The book touches on the challenges that high-technology products are facing with global adoption. According to the book, some of these products never achieve success due to their inability to “cross the chasm.”
However, Bitcoin, a notable high-tech innovation has broken the barrier and achieved mainstream success, hence CZ’s comment. Earlier, 36crypto reported that Bitcoin reached a high of $86,141, however, at the time of writing, the largest cryptocurrency by market cap is trading at $87,056, representing a 9.46% increase in the last 24 hours.
Source: CoinMarketCap
Meanwhile, several crypto analysts have predicted a continuous upsurge for Bitcoin, insinuating that the coin has unlimited potential and can skyrocket to unbelievable heights. The recent surge is partially triggered by Donald Trump’s victory and majorly influenced by the recent 27,000 BTC purchase by Microstrategy. Do you think Bitcoin is on its way to $100k this year? Let us know your thoughts.
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Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications such as Coinfomania and Crypto News Guru, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.