CZ: Current Drawdown Within Normal 4-Year Cycle, Industry Fundamentals Strengthened

According to ME News, on June 20 (UTC+8), CZ, in an exclusive interview with Alex Thorn, Head of Research at Galaxy, on the Galaxy Brains podcast, stated that the current crypto market correction remains within the normal four-year cycle range, and a 50% pullback like this is not unusual—historical cycles have seen corrections of up to 80%. CZ noted that, measured from the cycle low, Bitcoin’s price has risen approximately fivefold compared to four years ago, and each cycle’s low has been higher than the previous one. He emphasized his unwavering commitment to long-term thinking: “There’s no exit from crypto for me.” CZ also highlighted that the key difference between this cycle and those of 2018 and 2022 is the U.S. government’s markedly shifted stance toward the crypto industry. Previously, the U.S. adopted a hostile approach, but now it is actively advancing the development of a regulatory framework for crypto, encouraging other nations to follow suit. Additionally, the entry of ETFs, stablecoins, RWA assets, and increased institutional capital signals a significant improvement in the industry’s fundamentals compared to the past. (Source: ODAILY)