Speaking during a July 5 “ask me anything” session on Twitter, CZ explained how Bitcoin’s price has moved during four-year bull cycles.

While acknowledging that he cannot see a future, Zhao highlighted the upcoming Bitcoin halving in 2024 and stated 2025 as the most likely year for the next bull market, he stated. :

“The year after the Bitcoin halving is usually a bullish year.”

CZ settles BlackRock and Bitcoin ETFs When asked if he was worried about BlackRock's recent entry into the spot Bitcoin ETF arena, CZ welcomed the idea and said it was "extremely beneficial" for the crypto industry.

Since the company filed its application on June 15, many have been concerned that the intentions of the major TRAFI companies are in stark contrast to Bitcoin's ethos as a decentralized network of currency.

Zhao also brushed off concerns that Blackrock could take away Binance's market share in the future, describing the overlap between their respective customer bases as "minimal".

“Anyone who gets into crypto that isn't crypto today will attract more people into crypto. Will they compete for any existing users with us? Well, maybe a little. But honestly, let's look at our user base. The overlap is minimal.” Zhao explained that growing institutional interest as well as Bitcoin’s upcoming halving are the two main reasons why Binance wants to “prepare for higher [transaction] volumes” over the next eighteen months.

Zhao's comments come just hours after Blackrock CEO Larry Fink hailed Bitcoin as an "international asset," saying it could be used as a hedge against inflation and the loss of money. prices of certain currencies.

In Twitter Space, Zhao was also asked about the regulatory action status of his exchange. While he acknowledged that he couldn't say specifics, Zhao said that he and Binance are looking for "the most reasonable and reasonable solution and can be mutually agreed upon."