Changpeng Zhao, founder and former CEO of Binance, said that Bitcoin's recent surge past its previous records underscores the value of purchasing during earlier price declines. This statement was made on social media.
"I hope you bought the dip," said Zhao. "Remember, by definition, everything before the next ATH is a dip."
Bitcoin has recently reached a new all-time high, surpassing $112,000 on July 9, 2025. According to analysts, this surge is driven by favorable macroeconomic conditions and increased institutional interest. The rise is attributed to expansive monetary policies, a significant fiscal plan by the U.S. government, and a growing perception of Bitcoin as a conventional asset and alternative store of value.
Bitcoin is increasingly viewed as a transparent alternative to fiat currencies due to its decentralized blockchain technology. Each transaction is recorded on a public ledger, allowing verification and auditing without centralized authorities. This transparency contrasts with traditional fiat systems where monetary policies and transactions are often opaque and controlled by central banks. The immutable nature of blockchain ensures that once a transaction is recorded, it cannot be altered, enhancing trust among users. As a result, Bitcoin's transparent framework appeals to those seeking accountability and openness in financial systems.
Zhao is the founder and former CEO of Binance, recognized as the world's largest cryptocurrency exchange by trading volume. Born in China and raised in Canada, Zhao has played an instrumental role in the growth of the cryptocurrency industry. Under his leadership, Binance expanded globally, offering various crypto-related services. In 2025, Zhao was appointed as a strategic advisor to the Pakistan Crypto Council and as an advisor to the President of the Kyrgyz Republic on digital asset development.