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Binance CEO: Bitcoin Bear Market Is 'Healthy' for Crypto Industry Long Term

From decrypt.co

Binance CEO Changpeng “CZ” Zhao thinks the Bitcoin bear market is good for crypto. In a conversation with Messari CEO Ryan Selkis at the Mainnet conference Wednesday, CZ—who connected remotely via video chat—said a four-year crypto market cycle is normal and that a bear market is healthier in the long term than a seemingly never-ending upward trend. “Price corrections are actually good,” CZ said, adding that investors shouldn’t look at token prices as signs of how the crypto market is doing. Instead, he suggested investors look at the number of users buying and using crypto, as well as the number of different ... (full story)

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  • Category: Fundamental Analysis