BlockBeats report. On June 27, Binance founder CZ said that the sharp drop in the crypto market in the first half of 2026 had no single cause. Geopolitical tensions, investors shifting funds toward AI, and the typical four-year crypto cycle may have all contributed to the continued decline of Bitcoin and other crypto assets. Bitcoin reached a historical high of over $126,000 in October last year, and has since fallen by about 50%. At the beginning of this year, Bitcoin opened near $89,000, rose to slightly above $96,000 at one point, and then fell to around $60,000.
In the long run, the crypto industry will continue to develop. Demand for financial technology will increase as trading volumes continue to rise, so it is not concerned about the industry itself or short-term price fluctuations. He said that emerging sectors such as AI are absorbing “hot money” from the crypto industry, but in the long term this could be a positive factor. When discussing prediction markets, CZ said that as a tool for providing price discovery and liquidity, prediction markets are growing rapidly, which is good news for the public.
On the regulatory front, CZ says that standalone bills such as the US (Clarity Act) (Digital Asset Market Clarity Act) are important but relatively tactical matters, and will not determine the crypto industry’s long-term growth. He hopes the Clarity Act will pass and believes that if US-related legislation is delayed, other countries may move first to advance rulemaking.
CZ also says that if the US Democratic Party regains control of both chambers of Congress after the midterm elections, at least one of them, it may review Trump’s support for the crypto industry and his pardons of crypto executives. CZ says he has “nothing to hide,” and if the relevant parties seek information, he is willing to cooperate and provide it. When discussing political implications, CZ says he tries to stay as far away from US politics as possible, but believes that anyone who is anti-crypto could now potentially lose a substantial number of votes.