CZ on Bitcoin: ‘What’s good for memes is good for BTC’
Binance founder links Bitcoin’s $107K price to growing influence of memes and political coins like $TRUMP and $MELANIA
Bitcoin’s renewed surge past $107.8K has captured the crypto community’s attention, with crypto OG Changpeng "CZ" Zhao fanning the flames of speculation. On X, CZ tweeted, “Forgot to say, what’s good for memes is good for Bitcoin,” alongside a chart highlighting Bitcoin’s steep price increase.
The timing of CZ’s comment coincides with the recent launch of $TRUMP and $MELANIA memecoins by Donald Trump and Melania Trump. As Trump prepares to reenter the White House, these coins have added a political dimension to the memecoin market, blending cultural trends with economic speculation.
Forgot to say, what's good for memes is good for bitcoin.😆 https://t.co/78N87oT157 pic.twitter.com/mftzBWeeqp
— CZ 🔶 BNB (@cz_binance) January 20, 2025
This isn’t CZ’s first foray into the meme narrative. He’s previously tweeted, “What’s good for Bitcoin is good for alts,” underscoring the ripple effect of Bitcoin’s performance on alternative cryptocurrencies.
CZ has also poked fun at the hype surrounding memecoins, responding to a suggestion of creating a “CZ coin” with: “No, I currently have no plan to make a meme coin. But I am guessing a few other country leaders might be thinking about it.”
No, I currently have no plan to make a meme coin. But I am guessing a few other country leaders might be thinking about it. $71 billion FDV! 😆 https://t.co/WtN3n979N0 pic.twitter.com/8AIXN2CUin
— CZ 🔶 BNB (@cz_binance) January 19, 2025
The latest tweet, however, strikes a chord with Bitcoin’s cultural and economic significance. Memes, often dismissed as lighthearted distractions, have become a potent force in shaping crypto narratives. From Dogecoin’s rise to the $DOGS memecoin craze, they’ve proven their ability to galvanize markets.
CZ’s commentary underscores his enduring influence in the industry, even after stepping down as Binance’s CEO. While the exact link between memes and Bitcoin’s surge remains open to interpretation, his words are a reminder of the unpredictable factors shaping the crypto world.
