Binance Founder CZ Believes Current Crypto Cycle is in Normal Retracement Phase
Binance founder CZ stated in an interview on the Galaxy Brains podcast with Galaxy Research Director Alex Thorn that the current market's approximately 50% retracement is a normal phenomenon in a four-year cycle, noting that previous cycles have seen 80% retracement.
He pointed out that Bitcoin is still up about 5 times compared to the low point four years ago, with each cycle's long-term peak surpassing the previous one, emphasizing a long-term stance on the crypto industry, stating, "There is no exit for me in crypto."
This viewpoint highlights the resilience of the cycle driven by institutions and policies, with the U.S. government's 180-degree shift in attitude promoting the construction of a regulatory framework. Coupled with ETFs, stablecoins, RWA, and institutional entry, this is favorable for sustained capital inflow rather than panic selling, benefiting long-term holders and infrastructure projects.
Source: Public Information
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CZ has practiced long-termism since the early days of Binance, insisting on expansion during the 2018 bear market and publicly buying Bitcoin multiple times. Despite facing regulatory pressure after 2022, he has maintained industry confidence through personal investments and ecosystem support.
In terms of capital pathways, CZ invests in early projects through entities like YZi Labs while promoting the development of BNB Chain and Giggle Academy, motivated by building decentralized infrastructure to cope with regulatory cycle fluctuations, ensuring user protection and long-term adoption.
Similar to the initial entry of institutions in the 2017-2021 cycle, the current crypto landscape is in a mature expansion phase under a policy-friendly environment, with early players like CZ transitioning from exchange operators to ecosystem mentors.
This essentially reflects regulatory changes: the U.S. government has shifted from suppression to accelerating capital concentration through framework construction, attracting traditional institutional funds to reallocate into crypto assets, driving technological substitution and industry chain restructuring, reducing single-cycle risks and enhancing industry pricing power.
ABAB News · Law of Cognition
Retracement is the fuel of cycles: a short-term 50% adjustment lays the foundation for long-term 5x growth.
Policy shift is leverage: a 180-degree government attitude surpasses any technological breakthrough.
No exit means eternal holding: long-termists view cycles as friends, not foes.