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CZ Sees Hot Money Rotating Back to Crypto Amid Bitcoin Price Surge

Guavy AI Editorial Team
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Binance founder Changpeng Zhao, also known as CZ, is noticing a shift in speculative capital from artificial intelligence (AI) trades back into cryptocurrency.

CZ stated that 'hot money' is rotating back to crypto from AI. This movement comes as research firm River published a model predicting Bitcoin's price could reach up to $840,000 within five years.

However, Glassnode warns that supply levels are high and may cap any potential rally, with prices ranging between $83,000 to $86,000.

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