According to the CEO of the world’s largest cryptocurrency exchange, Changpeng Zhao, a next bull market will happen sooner or later”. CZ made the remarks during an interview with the well-known CNBC crypto trader Ran NeuNer.
During the last episode of Crypto Trader, Ran Neuner, CEO of OnChain Capital and CNBC Africa-based Crypto Trader’s showrunner, sat down with a number of prominent industry guests like Roger Ver and VanEck’s Gabor Gubacs. The South African entrepreneur also cut out some time to sit down with Binance CEO Changpeng Zhao.
Changpeng Zhao, CEO at Binance, expressed his rather positive sentiment on the current market setup when NeuNer asked CZ what catalysts could be a precursor to this nascent market’s next bull run. The Binance CEO, remaining cautiously optimistic, responded:
“It is a tough question, I don’t really know how to predict which catalyst will be the trigger.”
According to CZ, the cooling down of the ICO market can be seen as a healthy sign and a market that is maturing. Projects are now pushed to delivering actual products, services, and tokens to tempt investors. Furthermore, CZ noted that the arrival of institutions “may be a really strong trigger,” drawing attention to the launch of regulated stablecoins and institutional products, like Fidelity Digital Asset Services or Bakkt.
Concluding his answer on the question from Ran NeuNer, CZ stated “something will trigger” a bull run, “sooner or later.”
In September, CZ also shared his optimistic view of the crypto market, stating that the crypto market will absolutely grow 1000 times and more!
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. https://t.co/bvSttEeCmc
— CZ Binance (@cz_binance) September 12, 2018
You can find the full episode of Crypto Trader here: