Many experts, traders and prominent entrepreneurs in the crypto industry began to express their opinions and projections regarding new all-time highs. However, the most iconic reaction came from former Binance CEO Changpeng Zhao, known as CZ.
In a laconic, yet eloquent post, Zhao broke his silence amid Bitcoin’s record-high euphoria with a simple “gm.”
It was indeed a good morning when some of the alternative cryptocurrencies, such as UNI of Uniswap or Dogecoin (DOGE), added double digits in a few hours, and Bitcoin itself renewed its historic high for the second time in a year.
The entrepreneur, who was just released from U.S. jail after the Binance raid by U.S. law enforcement, said that in his opinion, the crypto market is ruled by four-year cycles.
As he presented, 2013, 2017 and 2021 were all bull markets, with years before them serving as a recovery period. In this case, he suggests the idea of a real bull run in 2025, although CZ refrained from making any concrete predictions about it.
On the other hand, Zhao confirmed that his long-term outlook is bullish.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
