Changpeng Zhao: 50% Bitcoin drop not uncommon, each cycle sees higher lows and highs

Binance founder Changpeng Zhao said on a podcast that the current cryptocurrency market's price correction is a normal part of its four-year cycle, describing the roughly 50% adjustment in this cycle as not uncommon. He noted that past cycles have seen corrections of up to 80%. From a long-term perspective, Zhao explained that Bitcoin is still up approximately fivefold from its low four years ago, with the peaks and troughs of each cycle getting progressively higher. He also affirmed his commitment to long-term investment in the industry, stressing that for him, there is no exit from the crypto market. Zhao identified the U.S. government's changing attitude toward the crypto industry as the biggest difference in this cycle compared to the 2018 and 2022 corrections. He observed that while the U.S. government took a suppressive stance four years ago, it is now actively pursuing a regulatory framework and discussions, a trend he says other countries are beginning to follow.