Bitcoin Price Forecast as Binance’s CZ is Released from Prison – $150,000 BTC Incoming?
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Bitcoin (BTC) saw a brief pullback but continued its upward momentum, holding steady at around $65,500. This positive trend coincided with the early release of Binance founder Changpeng Zhao (CZ) from California’s Lompoc II detention center.
His release is expected to restore confidence in Binance’s operations and alleviate market uncertainty, contributing to Bitcoin’s recent gains.
Adding to this optimism, spot Bitcoin ETFs recorded a substantial $494 million inflow on September 27, pushing the weekly total above $1 billion.
These developments suggest rising institutional interest, which could propel Bitcoin prices even higher.
Binance founder Changpeng Zhao (CZ) was released early from California’s Lompoc II detention center after serving a four-month sentence.
His release, two days ahead of schedule, followed a weekend policy allowing early release when the date falls on a weekend.
Zhao was sentenced for failing to implement adequate anti-money laundering (AML) protocols at Binance.
JUST IN: Binance Founder Changpeng 'CZ' Zhao Has Been Released from Prison pic.twitter.com/KEQNQLstlT
Following his release, Binance Coin (BNB) saw modest gains. Although CZ resigned as CEO, he agreed to pay a $50 million fine and faces a lifetime ban from returning to the role. However, he remains the majority shareholder of the company.
Zhao’s lenient sentence—initially sought at three years by U.S. prosecutors—was reduced due to his clean record and strong character references.
Despite legal issues, CZ has significant support in the crypto
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