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Zhao Changpeng: The strongest projects often start in bear markets

April 09, 2026, 9:29 AM
Binance founder Zhao Changpeng argued that bear markets provide better opportunities for Web3 founders starting from scratch, explaining that there is less competition, no inflated valuations, and none of the arrogance typical of bull markets. He added that historically, many of the strongest projects have emerged during a crypto winter, and investments made during downturns generally yield better returns than those made in bull markets. Zhao Changpeng emphasized that if builders want to avoid regretting their inaction when the next bull run arrives in a few years, they must start building now.

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