🚀 CZ: Crypto May Be Entering a "Super Cycle" – Bitcoin's 4-Year Cycle May No Longer Be Applicable
According to Bloomingbit, at the Middle East Bitcoin Conference in Abu Dhabi on 10/12, Changpeng Zhao (CZ), founder of Binance, made a notable remark: The "4-year cycle" of Bitcoin may no longer apply as the market is undergoing significant shifts under the influence of institutional capital.
The market has entered a "super cycle"
CZ believes that the crypto market may have entered a "super cycle," where:
- Institutional capital plays a dominant role
- Regulatory frameworks have a greater impact
- Traditional halving-based models are no longer the decisive factor for price direction as before
- This aligns with the current trend: Bitcoin is increasingly viewed as a macro asset, included in the portfolios of many large institutions.
- The potential emergence of national Bitcoin reserve races
CZ also emphasized a breakthrough point:
- Discussions about holding Bitcoin as a national strategic reserve could spread.
- If the U.S. begins to consider this, many other countries may "follow suit," creating a global chain reaction.
- If this happens, Bitcoin's position in the global financial system could change completely.
❓ Do you think the "super cycle" is truly happening, and will countries soon view Bitcoin as part of their national reserves?
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