Changpeng Zhao, co-founder of Binance, made a bullish statement on Twitter, emphasizing the importance of patience and not expecting quick results. Many interpreted his comments as referring to the inauguration of the new US president and criticized Donald Trump for launching his own meme coin on the Solana chain. Zhao also tweeted that what's good for memes is good for Bitcoin, coinciding with Bitcoin reaching a new all-time high. However, the BTC price has since dropped by 6.55% and is currently at $102,307 per coin.



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