🟡 CZ adopts a cautious tone: acknowledges the potential of Bitcoin but highlights that FUD, macro volatility, and global tensions make any prediction of a supercycle more uncertain in the short term.

Changpeng Zhao (CZ), founder and former CEO of Binance, shared a more cautious outlook on the idea of a Bitcoin supercycle during a recent AMA session on Binance Square, citing rising uncertainty across global markets.CZ said that only a few weeks ago, he felt highly confident that Bitcoin was entering a long-term supercycle — a period characterized by sustained price growth with fewer deep drawdowns. However, his view has since become less certain as macroeconomic and geopolitical pressures intensify.“Couple weeks ago, I was very confident about the supercycle,” CZ said. “But now with all that FUD, I’m not sure.”Rising FUD and Global Volatility Cloud Market OutlookCZ pointed to the current global environment as a key factor behind his reassessment. He noted that the world is experiencing unusually high levels of volatility, making it increasingly difficult to predict market outcomes — not only for crypto, but across all asset classes.“We live globally in a very volatile time,” he said, adding that uncertainty has made forecasting future market direction far more complex than before.Bitcoin has historically been sensitive to macro developments, including inflation expectations, monetary policy shifts, and geopolitical tensions — factors that have intensified in recent months.