Binance CEO Changpeng Zhao Thinks The “Bull-Market” Would Return “Any Minute” Now
According to Changpeng Zhao, the CEO of one of the world’s leading cryptocurrency exchanges, Binance, the so-called “bull-market” would come back in the cryptocurrencies universe “any minute” now.
During an interview with CryptoGlobe at Consensus: Singapore 2018 meeting, Changpeng Zhao, Binance CEO, showed a very positive and bullish sentiment regarding the cryptocurrencies market.
First, he pointed out that, in his opinion, the crypto market is not bearish at all, giving the example of Bitcoin (BTC) which is now having support at $6,000 which is enormous in comparison with 2015 when it was $200.
“If you look at a weekly or monthly basis, yes we had a bear market a little bit, but it was only $20K for a week or so. I always look at the long-term,” said Changpeng Zhao.
“Bull-market” would return, thinks Changpeng Zhao, Binance CEO, who admitted he is a “hodler”
“So, I think that any minute the bull market will return, and historically, October to December are the good months. Before Christmas are usually the months when the markets go up very often, but I am not saying that it will be this year, or that it will not,” Changpeng Zhao, Binance CEO, added.
Surprisingly for a CEO of one of the world’s leading cryptocurrency exchanges, Changpeng Zhao, Binance CEO, admitted he is a “hodler” rather than a trader.
“I never trade myself. I always buy and hold,” admitted the Binance CEO.
On the other hand, earlier this month, Changpeng Zhao opposed to the statements made by Vitalik Buterin, co-founder of Ethereum (ETH), who said that there’s no room for a 1000x price increases in the cryptocurrencies market.
“I still disagree with this. I will say ‘crypto will absolutely grow 1000x and more!’ Just reaching USD market cap will give it close to 1000x, (that’s just one currency with severely restricted use case), and the derivatives market is so much bigger,” said Changpeng Zhao, Binance CEO, at that time.
Vitaly Dmitriyevich "Vitalik" Buterin is the co-founder of Ethereum, the world's most popular smart contract platform that enables developers to build decentralized applications (at the time of wirting this, ETH has a market cap pf $2B). Prior to his development of Ethereum, Buterin was the co-founder of Bitcoin Magazine.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.