'Bitcoin Is Still Early,' Binance's CZ Weighs In on Gold and Silver's Sudden Dip
Analysis
Price Impact
LowCz's comments are more philosophical and long-term oriented, comparing bitcoin's age and volatility to traditional assets like gold and silver. they don't introduce immediate market catalysts.
Trustworthiness
HighChangpeng zhao (cz) is a highly influential figure in the crypto industry as the founder of binance. his statements often reflect significant industry insights.
Price Direction
BullishBy emphasizing that 'bitcoin is still early' and drawing parallels with extreme volatility in gold and silver, cz reinforces a long-term bullish narrative for bitcoin, suggesting significant growth potential remains.
Time Effect
LongThe core message revolves around bitcoin's relative youth ('17 years old technology') compared to traditional assets with 'thousands of years of history,' pointing towards its long-term future and adoption rather than short-term movements.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News Bitcoin might still be trading sideways, but the heavy downturn seen in the price of gold and silver recently has triggered reactions across the crypto community, with most crypto veterans weighing in on Bitcoin’s long-term prospect against the physical assets. Advertisement On Saturday, Jan. 31, Binance’s founder Changpeng Zhao made a remark about Bitcoin’s role as an emerging technology against gold and silver, which have just suffered steep losses within a single trading session. CZ says Bitcoin is young Recent data shared by market analysts shows that gold fell by about 15%, while silver also dropped deeper by as much as 38% over the last 24 hours. HOT Stories Ripple CTO Emeritus Breaks Silence on XRP and XLM in Epstein Files Crypto Market Review: Did XRP Downtrend End? Shiba Inu (SHIB) Taking a Beating, Bitcoin (BTC) Safe Above $80,000 U.Today Crypto Digest: XRP Millionaires Awaken, Shiba Inu Buyers Step In, Dogecoin Sees 10,782% Rise in Futures Volume Scaramucci: ‘Get Ready’ as Bitcoin Firms Against Falling Gold This massive price decline saw the assets wipe out about $15 trillion in combined market value, an unexpected crash seen just after the assets recorded new highs. Advertisement While the rapid decline had caught investors off guard, the high volatility has been labeled as a rare “black swan” event, triggering curiosity about the possibility of such volatility. You Might Also Like Fri, 01/30/2026 - 15:53 Bitcoin in February Is a Success Story, BTC Price History Proves By Gamza Khanzadaev Nonetheless, CZ has joined the debate, acknowledging that such dramatic price moves can occur “even with a physical asset, like gold and silver, with thousands of years of history.” Advertisement While the crypto market has often been criticized for its rapid volatility, CZ has seized the opportunity to challenge the growing narrative that traditional assets are immune to extreme shocks. With the recent event serving as a key example despite the age-long existence of the concerned assets, CZ reminded that Bitcoin is still in its infancy. He emphasized that Bitcoin is a 17 years old technology, heavily suppressed in most of its existence. He also added that other crypto assets are younger, hence “We are still early.” #Bitcoin #Bitcoin Price Prediction #Gold #Changpeng Zhao