Changpeng Zhao, the former CEO of Binance, reassured the crypto community that the recent 8% drawdown in Bitcoin's price will not result in its demise. He emphasized that there is no need to panic as Bitcoin continues to trade below $90,000. Despite a small recovery, Bitcoin's price remains around $88,386. Zhao also reiterated his previous tweet where he mocked those who predicted a crash, stating that even at higher prices, Bitcoin will continue to thrive. He also disclosed that he has not sold any of his crypto holdings during the current market pullback. Samson Mow, CEO of JAN3, responded to critics, stating that the current volatility in Bitcoin's price is normal and does not eliminate the possibility of it reaching $1 million per coin or creating significant price movements.



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