Binance CEO Changpeng “CZ” Zhao has in five years taken his initial interest in cryptocurrencies and turned his passion into one of the most successful cryptocurrency exchanges in the world.
The young CEO has even graced the cover of Forbes magazine’s crypto rich list and was highlighted as being among the wealthiest entrepreneurs operating across the cryptocurrency industry.
In a new interview with CryptoGlobe, CZ shares details on his humble beginnings, and most importantly, sheds some light as to where he sees Binance and the cryptocurrency market as a whole going in the future.
Binance CEO: The Bull Market Will Return “Any Minute”Zhao, who admits he can “kind of influence” the price of cryptocurrencies being an outspoken exchange operator, doesn’t believe we’re in a bear market at all and calls attention to Bitcoin’s seemingly unbreakable support at $6,000. CZ also points out that Bitcoin only reached $20,000 for a “week or so” and suggests that looking at the “long term” is the best strategy.
While CZ explained that he doesn’t like to “analyze markets because anything I say will be like super scrutinized,” he went on to comment that he thinks “that any minute the bull market will return,” suggesting that October to December are “good months.”
The cryptocurrency market historically has seen growth in prices during Q4 each year. In 2017, Bitcoin prices went parabolic reaching nearly $20,000 before falling to a 2018 low of $5,800.
CZ himself says he takes a more reactive approach, and “always” buys and holds.
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