Changpeng Zhao’s Crypto Portfolio Sparks Debate Over Bitcoin’s Share
Binance co-founder Changpeng "CZ" Zhao recently disclosed his cryptocurrency holdings, revealing a surprising distribution that has sparked discussions within the crypto community. With BNB dominating his portfolio at 98.48% and Bitcoin (BTC) making up just 1.32%, many are questioning the rationale behind such a low allocation to the leading cryptocurrency by market cap. This revelation comes as Binance introduces a new trader profile feature, adding another layer of intrigue to the story.
Changpeng Zhao Reveals Crypto Portfolio, Users React to BTC Holdings
Binance co-founder Changpeng “CZ” Zhao has disclosed his crypto holdings, revealing that his portfolio includes BNB, Bitcoin (BTC), EURI, and USDT. BNB accounts for 98.48% of his holdings, while BTC makes up only 1.32%. This low Bitcoin share has drawn attention from some community members who believe it should be higher considering Bitcoin’s utility and market cap. The disclosure comes as a new trader profile feature on Binance Square allows users to share their digital asset holdings, boosting confidence amid the current market downturn.
Rich Dad Poor Dad Author Predicts Bitcoin To Hit $1 Million By 2035
Robert Kiyosaki, the author of ’Rich Dad, Poor Dad’ and a Bitcoin proponent, has predicted that the price of Bitcoin will reach $1 million by 2035. He cited the rising U.S. debt, unemployment, and the decline in the value of the US dollar due to inflationary monetary policies as reasons for his prediction. Kiyosaki warned that the U.S. may be heading for a greater depression.
Dire Picture for BTC Miners as Revenue Flatlines Near Record Low
According to HashRate Index, the hashprice, a key metric used to gauge miner revenue, is currently hovering near a five-year low. The metric, which denotes the income miners can expect per unit of computing power (per petahash or PH/s), is currently at $44.00 PH/s, slightly above its August 2024 low when Bitcoin reached $49,000. Despite the current Bitcoin price trading around $84,000, miner revenue is dwindling due to the recent halving event that cut rewards by half, painting a dire picture of the mining industry as a whole.
Digital Assets as Lifeline in War-Torn Countries
War-torn nations face severe financial marginalization due to conflicts impacting living standards and economies. Traditional banking is often inaccessible in these regions, making digital assets crucial. Bitcoin, designed for peer-to-peer transactions without centralized oversight, has inspired other digital currencies, including stablecoins, serving as a last hope for people in war-affected countries. Despite challenges in crypto adoption, digital assets remain indispensable for distressed nations.
Bitcoin Hits Three-Day Low, Eyes Still Set on $90K Mark
Bitcoin faced a turbulent ride over the weekend, dipping to a three-day low of $83,974 on April 20 before bouncing back. The drop, recorded just before the weekly close, marked a 1.5% decline, signaling continued fragility in market momentum. Despite a relatively calm weekend overall, concerns surfaced about how stable current support levels truly are. Analysts warn the $83K level isn’t secure; $83K–$86K remains a key short-term range to monitor. A U-shaped recovery hints at upside, but bearish reversal patterns still threaten a downside to $80K.
