Disaster or Opportunity? Bitcoin Prediction from Binance CEO CZ
Binance CEO Changpeng Zhao (CZ) suggested that the collapse in the cryptocurrency markets was both a disaster and an opportunity. Zhao gave the date for Bitcoin’s comeback.
Disaster or Opportunity? Bitcoin Prediction from Binance CEO CZ. Changpeng Zhao, CEO of Binance, one of the largest cryptocurrency exchanges in the world, evaluated the current situation in the markets. CZ argued that the crash was both disaster and opportunity, and made the date for the rise of Bitcoin and some altcoins.
CZ stated that BTC and some altcoins have a 4-year cycle, and this cycle progresses as 2 years up and 2 years down.
Stating that the decline since the beginning of this year is a part of this cycle, CZ said that for investors who buy high and sell now, the current situation is a disaster for investors who do the opposite.
CZ said, “The drop is a boon for those who can afford to buy at the bottom. The bear market is always a great opportunity to accumulate Bitcoin and altcoins.”
Binance Continues to Grow
On the other hand, although the collapse affected many stock markets and investors negatively, Binance continues to grow. The stock market recently announced that it will increase the number of personnel from 6 thousand to 8 thousand and will continue its investments.
Source: Cryptocoin
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