Binance CEO Changpeng “CZ” Zhao has delivered his prediction for the next Bitcoin bull market.
The bitcoin bullrun comes in at the onset of the bitcoin halving which occurs after every four years and next year will mark another experience in this, we are not working by what the public figures says about bitcoin or the coming halving than what the bitcoin network gives as an accurate timing for it to come in place, so if i may talk from this perspective the more then i will say we are less concerned about CZ comment on this.
CZ explained that the price of Bitcoin has historically moved in four-year bull cycles and his best bet was that this would continue to occur.
You're making this discussion more of exchanges discussion because we are less concerned about cz in the context of this.
“The year after Bitcoin halving is usually the bull year.“
Bullrun occurs normally during or after the halving.
Asked whether he was concerned about BlackRock’s recent entry into the spot Bitcoin exchange-traded fund arena, CZ welcomed it, saying it is “hugely beneficial” for the crypto industry.
Or rather beneficial to people like them who are centralized exchange and Institutions that are after making their own profit by satisfying their clients, spot bitcoin ETF will give them more opportunities for making more offers for their investors and increases their services as well to them, but either of the decision is being beneficial to the bitcoin network.