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Today, the price of Bitcoin (BTC) hit a new all-time high above $75,000, marking an almost 7.2% increase since the week began. Bitcoin's market cap now stands at $1.45 trillion, contributing to a total cryptocurrency market cap of $2.457 trillion, the highest since June.

Many industry experts, traders, and prominent entrepreneurs have shared their projections regarding potential new all-time highs, but the most notable reaction came from former Binance CEO Changpeng Zhao (CZ), who responded simply with "gm" amid the Bitcoin surge.

It was a positive morning, as several alternative cryptocurrencies, including Uniswap (UNI) and Dogecoin (DOGE), saw double-digit gains in mere hours. This marks Bitcoin’s second historic high within a year.

Bull Run in 2025? CZ Reacts

During the Binance Blockchain Week, CZ shared his perspective on the crypto market and Bitcoin’s future, giving an outlook for the year 2025. After recently being released from U.S. jail following a raid on Binance, he expressed his belief that the crypto market is influenced by four-year cycles.

He pointed to 2013, 2017, and 2021 as previous bull markets, suggesting that recovery years precede them. While he hinted at a possible bull run in 2025, he refrained from giving specific predictions. Nevertheless, Zhao affirmed a bullish long-term outlook for cryptocurrency.

This article was originally published on U.Today