![]() While tax FUD and double-spend accusations were blamed, momentum indicators showed Bitcoin also needed to cool off. Since Bitcoin’s unbelievable run to $42k, and consequent rejection, sentiment has been flat. And if that happens, it’s going to take a couple years” What’s next for crypto markets?ĬZ’s comments come as welcome news following the recent downturn in crypto markets. And now we’re in discovery, I think it’s going to go another 5, 10, 20x, we don’t know. “… It took three years to recovery from the 2017 peak. Taking that into account, he believes, if history repeats, we have perhaps three or four years ahead to hit the peak of this cycle. On that basis, CZ justified his prediction by saying Bitcoin took three years, from 2017’s peak, to hit $20k again at the tail end of last year. He also added that each subsequent bull cycle has increased in length, which he believes is a characteristic of the increasing market cap over time. This might include figures on the number of new crypto account signups within a given period.īut when quizzed further about his multi-year bull call, CZ backed his prediction using the price history of Bitcoin, in conjunction with time frames against which it re-reached all-time highs. However, as Neuner pointed out, Binance is somewhat uniquely positioned in that the firm has access to stats to model such predictions. CZ himself stated that the call was his personal opinion, and he may well be wrong about it. ![]() Of course, no-one can predict the future with accuracy. I think 2021, 2022, 2023, it’s going to take two to three years, maybe four years for this cycle to hit the max.” “We’re just seeing the flat part of the wave. Speaking to Ran Neuner, the co-founder of On-Chain Capital, Zhao shared his predictions for the future, including a call that several bull years lay ahead. ![]() ![]() Binance CEO Changpeng Zhao (CZ) predicts this current crypto bull cycle may run up until 2024. ![]()
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