Binance CEO Changpeng Zhao predicts bitcoin bull run
In a recent Twitter Space session, Binance CEO Changpeng Zhao, CZ, predict ed the upcoming bitcoin bull market. During the ask-me-anything session on July 5, CZ addressed various topics, including BlackRock’s entry into the cryptocurrency market, regulatory actions against Binance, and his forecast for the upcoming bull run. https://t.co/OENe6Ul4ag — Binance (@binance) July 5, 2023 He noted that bitcoin tends to follow four-year cycles and highlighted the significance of the next Bitcoin halving event in 2024. While CZ acknowledged that he couldn’t predict the future with certainty, he anticipated that the next bull market would start around 2025. CZ also commented on BlackRock’s entry into the spot Bitcoin exchange-traded fund (ETF) space. He viewed this development as highly beneficial for the crypto industry. Despite concerns about the compatibility of traditional finance companies with Bitcoin’s decentralized nature, CZ downplayed the risk of ...