CZ von Binance talks about the potential of the cryptom market and reveals its forecasts for the next boom

CZ von Binance talks about the potential of the cryptom market and reveals its forecasts for the next boom

Title: CZ von Binance talks about the cryptom market and predicts the next big boom

In a recently taken question-and-answer format on Twitter, Changpeng Zhao, CEO of Binance and known as CZ, revealed his thoughts and forecasts for the cryptom market. The focus was particularly on the next big upswing and the institutional investments.

CZ predicted that the next boom will take place in the market in 2024 if the activity of Bitcoin is halved. He explained that historical patterns show a four -year period of high activity, followed by an upswing. Based on this analysis, CZ expects Bitcoin to experience the next big upswing in 2025.

Another topic that CZ spoke about was the participation of Blackrock in the cryptos sector. Blackrock, one of the largest asset management agencies in the world, has recently applied for an exchange -traded fund (ETF). CZ expressed his concerns about the effects of Blackrock's entry on the market, but also emphasized the advantages that could bring this for the entire crypto sector. He explained that the entry of established companies such as Blackrock can help bring more people into the world of cryptocurrencies.

CZ also rejected concerns that Blackrock and Binance could see themselves as competitors. He emphasized that the customer base and the goals of both companies are different and rarely overlap. CZ was optimistic and explained that the cooperation and competition between established companies can further advance the crypto sector.

The efforts of Blackrock to enter the cryptos sector were closely observed by the financial world. The decision of the Securities and Exchange Commission (SEC) with regard to a Bitcoin Trust from Blackrock is still pending, but CZ praised the use of cryptocurrencies as a way to transform money management.

CZ mentioned in relation to Binance also regulatory activities with which the company is currently dealing with. He emphasized that Binance's goal is to find the best solution for everyone involved.

It remains exciting how the crypto market will develop and whether CZS forecasts will arrive. With the upcoming halving event of Bitcoin and increasing institutional interest, there is a lot of potential for further developments and growth in the cryptos sector.