Changpeng Zhao predicts Bitcoin supercycle in 2026

Binance founder Changpeng Zhao, speaking at the Davos Forum, told CNBC that he expects a Bitcoin supercycle to arrive this year. He suggested that the U.S. government's pro-cryptocurrency stance could encourage other countries to follow suit, potentially breaking the traditional four-year cycle and ushering in a supercycle. Zhao did not provide a specific price forecast. Zhao also flatly denied allegations of close ties with U.S. President Donald Trump, stating he has no real relationship with him. He explained that the only common ground is that the Trump family is involved in the crypto business, Binance is a major crypto firm, and the Trump administration's pro-crypto policies create a favorable environment for all companies in the sector. Regarding an investment in Binance paid with the USD1 stablecoin, Zhao clarified that the investor, MGX, made the choice to use USD1. He said his only request was to receive payment in cryptocurrency to avoid dealing with banks. Zhao added that he has never spoken with or met President Trump, noting the closest he has ever been was about 10 meters away at the Davos Forum.