Binance Founder CZ Drops Bombshell: Are Banks Buying the BTC Dip as Retail Runs Scared?

• Wells Fargo purchased Bitcoin while retailers sold under panic.
• The top U.S. bank now has approximately $383 million worth of Bitcoins.
• Bitcoin dropped from an all-time high of over $126,000.

According to Binance founder Changpeng Zhao, U.S. Banks were on a Bitcoin purchasing spree at a time when many retailers panic-sold their holdings. Zhao made the statement in his latest post on X, highlighting details about Wells Fargo purchasing $383 million worth of Bitcoin.

Wells Fargo’s Shift in Attitude Toward Bitcoin

Notably, Zhao’s post reflected his belief in the long-term growth and sustainability of Bitcoin. By highlighting Wells Fargo’s reported purchase, Zhao revealed the approach of top banks and institutiona…

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