As a seasoned crypto investor who has weathered numerous market cycles, I find CZ’s four-year cycle hypothesis intriguing. Having witnessed Bitcoin’s meteoric rise and subsequent corrections firsthand, I can’t help but be drawn to this pattern. If we follow his timeline, we should expect another recovery phase in 2024, potentially leading to a bull run in 2025.
Previously incarcerated Binance CEO Changpeng Zhao (also known as CZ) has emerged for the first time in public since his recent release from a U.S. penitentiary.
As a crypto investor, I’d like to share some recent developments regarding Binance and CZ (Changpeng Zhao). The Department of Justice and the Securities and Exchange Commission have accused them of breaching the Bank Secrecy Act and anti-money laundering regulations. Consequentially, Binance had to pay a colossal fine of $4.2 billion, and CZ served a four-month prison sentence.
Today, feeling liberated and refreshed, CZ graced Binance Blockchain Week with his presence. During this event, he primarily discussed the cryptocurrency market and its related industry. However, what truly captivated the audience was his insight on the future of cryptocurrencies, particularly in response to the question about upcoming developments.
Is four-year cycle real?
In his address, CZ pointed out the historical four-year cycles in the Bitcoin market, marking 2013 and 2017 as prominent bull years, while 2014 and 2015 were more challenging. He highlighted that 2016 and 2020 were recovery years that led to bull runs in 2017 and 2021, with 2021 hitting record highs before the market recalibrated.
According to CZ, it’s possible that 2024 may follow the same pattern as a recovery year. However, they didn’t explicitly predict a bull market in 2025.
Step back and view the Bitcoin price in 4-year intervals or cycles:
— CZ 🔶 BNB (@cz_binance) March 25, 2023
CZ predicted long-term growth for the cryptocurrency industry, stating that wider adoption would eventually increase its practical value. This perspective underscored his confidence in the industry’s durability, even if short-term fluctuations remain difficult to predict.
Instead, he didn’t fully commit to saying that 2025 would be an unquestionable year for a bull market, but still expressed optimism, indicating a note of caution in his overall outlook.
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2024-10-31 18:19