CZ: Cryptocurrency Market Still in Normal Four-Year Cycle, Cycle Low Continuing to Rise

On June 20, Binance founder CZ joined the Galaxy Brains podcast for an interview with Galaxy Research Director Alex Thorn. CZ explained the current crypto market pullback is still part of the normal four-year cycle: this round’s roughly 50% retracement is typical, as prior cycles saw 80% drops. He added that compared to the last cycle’s low, Bitcoin remains up about five times, and over the long term, each cycle hits a higher peak than the previous. When talking about his stance on the industry, CZ said he’s maintaining long-term positions, stating: “Crypto has no exit for me.” One major difference between this cycle and 2022 or 2018 is the 180-degree shift in the U.S. government’s attitude toward crypto. Four years ago, the U.S. took a suppressive approach to the industry; today, however, it’s pushing for crypto regulatory frameworks and holding related discussions—trends that are leading other countries to follow. CZ also highlighted ETFs, stablecoins, RWAs, and increased institutional participation as clear signs of significant real development in the crypto space.