Binance CZ on Bitcoin pump: 'Money ready to jump in, all in FOMO mode'

02 Apr, 2019 | Updated: 02 Apr, 2019
by Jelmer van der Dussen
News
Binance CZ on Bitcoin pump: 'Money ready to jump in, all in FOMO mode'

Binance CEO Changpeng Zhao has commented on the recent Bitcoin pump, stating that there is plenty of money ready to jump in. Bitcoin surpassed the $5000 mark on Bitmex today and is now trading between $4600 and $4800 on most exchanges.

On Twitter, CZ referred to an earlier tweet posted on February 27, in which he wrote that 'there is more money parked in pseudo fiat (USD pegged stablecoins) than most tokens (not including coins of course)'.

Read more: Why is Bitcoin pumping today?

After the latest Bitcoin pump, which got the crypto community extremely excited, CZ tweeted: 'I guess this was true. Plenty of money ready to jump in and in full FOMO mode. Everyone will be in Crypto. Don't get left behind!'

Read more: Is alt season here? Market cap jumps $20 billion, BTC jumps 20% over $5,000

CZ admitted that he also doesn't know what exactly sparked this pump. 'Anyone know any news? I have been asked a few times, but honestly clueless'.

Bitmex CEO Arthur Hayes showed his excitement as well, sharing on Twitter a GIF of a dancing horse (?). 'Volatility is back. PARTY TIME!'.

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Read more: Crypto community goes crazy after Bitcoin and altcoins pump: 'OG's knew'

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