Key Points
- Binance CEO Changpeng Zhao believes that the next bull run will begin in 2025
- His claims come at a time when Bitcoin price hit its highest point in 2023
Binance CEO Changpeng Zhao delivered his forecast for the market performance during a Twitter Space on July 5, explaining that the next crypto bull run will be seen in 2025.
Crypto’s 4-year cycles to repeat itself: Binance CEO Changpeng Zhao
Historical bitcoin bull run trigger, halving cycle is not in line with the global financial markets outlook this time. It is set to be carried out 296 days from now. However, the global financial outlook could be more friendly as most countries are dealing with rising living costs.
In a July 5 Twitter space, Binance CEO Changpeng Zhao covered BlackRock’s intention to join the crypto market, explaining that it would be a remarkable turnaround event for the crypto market. He stood with the historical data of bitcoin markets moving around in four-year market cycles, claiming that it will most likely be that since the last bitcoin bull run was in 2021, the next one will be in 2025, four years later.
“The year after Bitcoin halving is usually the bull year.“ he said
However, the next halving happens in 2024, meaning the markets would rise from then, climaxing in 2025 if all other factors remain constant. Remember that nothing is promised, and the market prospects could change. Keep watching Fintech Express for more updates on this and other fintech-related developments.