Binance CEO: “The Bull Market is About to Return Any Minute From Now”

Binance CEO: “The Bull Market is About to Return Any Minute From Now”

Cryptocurrency News
September 28, 2018 by Jane
2925
The CEO and co-founder of Binance, the world’s largest cryptocurrency exchange, Changpeng Zhao, thinks the bull market is about to return “any minute.” “CZ” Zhao has in five years taken his initial interest in cryptocurrencies and turned his passion into one of the most successful cryptocurrency exchanges in the world “Binance”. In an interview with CryptoGlobe at
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The CEO and co-founder of Binance, the world’s largest cryptocurrency exchange, Changpeng Zhao, thinks the bull market is about to return “any minute.”

“CZ” Zhao has in five years taken his initial interest in cryptocurrencies and turned his passion into one of the most successful cryptocurrency exchanges in the world “Binance”.

In an interview with CryptoGlobe at Consensus: Singapore 2018 conference. CZ expressed his rather positive sentiment on the current market and predicted the next bull run for Bitcoin.

CZ said that he has learned about cryptocurrency from Bobby Lee, co-founder and Ron Cao, founder of Sky9 Capital since 2013. This is his fifth year exploring the crypto world and he believes the decentralized exchange is the future.

While CZ explained that he doesn’t like to “analyze markets because anything I say will be like super scrutinized,” he went on to comment that he thinks “that any minute the bull market will return,” suggesting that October to December are “good months.”

“we’ve seen a very strong $6000 support in 2018, whereas in 2015, the support level was $200. I look at this on a yearly basis. I don’t feel that we’re in a bear market at all. Yes, OK, if you look at a weekly or monthly basis, yes we had a bear market a little bit, but it was only $20K for a week or so… I always look at the long term. I never trade myself. I always buy and hold.”.

He continued by adding that he believes the market may be in for a reversal sooner rather than later.

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