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CZ: The current pullback still falls within the normal four-year cycle, and the industry's fundamentals have significantly strengthened compared to the past.

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ME News Report, June 20 (UTC+8), CZ stated in an interview with Galaxy Research Director Alex Thorn on the Galaxy Brains podcast that the current crypto market pullback remains within a normal four-year cycle. A decline of about 50% in this round is not uncommon, and historical cycles have seen declines of up to 80%. CZ believes that, based on cycle lows, Bitcoin's price is still about five times higher than four years ago, and the lows of each cycle are higher than the previous cycle's lows. He said he always adheres to a long-term perspective, "Crypto has no exit for me." CZ also pointed out that the biggest difference between this cycle and those in 2018 and 2022 is the significant shift in the U.S. government's attitude toward the crypto industry. Previously, the U.S. took a suppressive stance, but now it is actively promoting the development of a crypto regulatory framework and encouraging other countries to follow suit. Additionally, the entry of ETFs, stablecoins, RWA, and more institutional funds also indicates that the industry's fundamentals have significantly improved compared to the past. (Source: ODAILY)
BTC1.89%
RWA1.56%
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