Zhao Changpeng, founder of Binance, appeared on a podcast and commented, "The current price adjustment in the cryptocurrency market is part of a normal 4-year cycle," adding, "A roughly 50% correction seen in this cycle is not uncommon." He explained, "In the previous cycle, an 80% correction occurred. From a long-term perspective, Bitcoin is still up about 5 times compared to its low point four years ago, and both the highs and lows are getting higher in each cycle." He also emphasized that he maintains long-term investments in the cryptocurrency industry, stating, "For me, there is no exit from the crypto market." Comparing it to the corrections in 2018 and 2022, he cited the biggest difference in this cycle as the change in the U.S. government's attitude towards the cryptocurrency industry. He diagnosed, "Four years ago, the U.S. government took a stance of suppressing the crypto industry, whereas now it is actively pursuing regulatory frameworks and discussions, and other countries are tending to follow suit."
