Binance CEO Predicts Next Bull Run

Binance CEO Changpeng Zhao (CZ) has shared his thoughts on the next Bitcoin price rise. During a Twitter session on July 5, he also discussed the possible entry of BlackRock into the crypto market and gave updates on some legal issues.

CZ believes that Bitcoin's price will continue to rise in four-year cycles as it has in the past. He thinks the next Bitcoin surge will likely be in 2025 because that's the year after the next Bitcoin halving event. He said that the year after a Bitcoin halving is usually a "bull year," meaning a time when the price goes up.

He was asked about BlackRock, a big financial firm, entering the Bitcoin market. CZ thinks this is very good for the crypto world. Even though some people worry that traditional financial firms could threaten Bitcoin's decentralization, CZ isn't worried. He also doesn't think BlackRock will take much business away from Binance because he thinks their customers are different.

CZ wants Binance to be ready for higher trading volumes in the next year and a half. He thinks this is because of more interest from institutional investors and the upcoming Bitcoin halving.

Blackrock's CEO, Larry Fink, recently said that Bitcoin is a global asset and could be used as protection against inflation and the fall in the value of some regular currencies.

CZ was also asked about some legal issues with his exchange. He didn't go into detail, but he said that Binance is trying to find the best way to deal with these issues.