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Binance CEO Changpeng “CZ” Zhao has shared his outlook on the next bull run for Bitcoin during a recent Twitter Space session.
CZ discussed various topics, including BlackRock‘s entry into the cryptocurrency market, ongoing regulatory actions against Binance, and his thoughts on the timing of the next bull market.
During the Twitter Space Session, the Binance CEO highlighted the historical pattern of Bitcoin’s price movement, noting that it has typically followed four-year bull cycles. While he acknowledged that he couldn’t predict the future, CZ pointed to the upcoming Bitcoin halving event in 2024 and suggested that 2025 could be the most likely year for the next bull market.
He said:
“The year after Bitcoin halving is usually the bull year.”
In response to concerns about BlackRock’s foray into the Bitcoin spot exchange-traded fund space, CZ expressed optimism, stating that increased institutional interest is beneficial for the crypto industry. He emphasized the importance of being prepared for higher trading volumes, citing institutional interest and the Bitcoin halving as the driving forces behind Binance’s readiness.
Regarding regulatory actions against Binance, CZ acknowledged the ongoing discussions but couldn’t provide specific details. He emphasized Binance’s commitment to finding a swift and mutually agreeable solution that aligns with regulatory requirements.
Either way, CZ’s insights and perspectives shed light on Binance’s approach to navigating the ever-evolving cryptocurrency landscape, as well as their focus on institutional involvement and the future potential of Bitcoin’s bull market.