Changpeng Zhao, the founder of Binance, has expressed strong optimism regarding the potential for a Bitcoin supercycle in 2026. During a recent interview at the World Economic Forum in Davos, Switzerland, Zhao attributed his bullish outlook to increasing support for the cryptocurrency industry from the United States, particularly under the leadership of Donald Trump.
Zhao indicated that this favorable environment could allow Bitcoin to break free from its traditional four-year cycle, which typically involves a price increase followed by a decline post-halving events. As the leading cryptocurrency, any significant movement in Bitcoin“s price often impacts the broader market.
“I strongly believe that 2026 will likely be a supercycle for Bitcoin,” Zhao stated during his discussion with CNBC anchor Andrew Ross Sorkin. While he was confident in his prediction, he did not specify a price target for Bitcoin. In contrast, other prominent figures in the cryptocurrency sector have proposed ambitious price targets for Bitcoin. Ripple CEO Brad Garlinghouse suggested a target of $180,000, while Arthur Hayes, co-founder of the BitMEX exchange, mentioned a target of $200,000.
Looking at the long-term outlook, Zhao noted, “Looking at a 5-10 year timeframe, it”s quite easy to predict. We”re going to see an increase.” This perspective highlights his belief in sustained growth for Bitcoin and the overall crypto market.
Interestingly, during his conversation with Sorkin, Zhao denied having any personal connections with Trump regarding cryptocurrency matters. Nonetheless, speculation within the industry suggests that Zhao”s ties to Trump may have influenced the decision to grant him a pardon last October. “There really isn”t any connection,” Zhao asserted. “The only thing is that the Trump family is involved in crypto. Binance is a major crypto company, and the Trump administration supports crypto. That benefits all businesses in the crypto space.”
Reports have also surfaced about MGX, an investment firm from Abu Dhabi, allocating approximately $2 billion to Binance through the USD1 stablecoin, a fiat-backed stablecoin associated with the Trump family. This revelation led to inquiries directed at Zhao regarding his relationship with Trump. Zhao explained that MGX chose to use USD1 after he encouraged them to transact in crypto, citing his aversion to traditional banking.
Furthermore, Zhao claimed he had never met or spoken to Trump, emphasizing that the closest he came to the former president was being 30-40 feet away at the World Economic Forum. He did, however, express gratitude towards Trump for his decision to pardon him.
As the cryptocurrency landscape continues to evolve, the insights from key figures like Zhao provide valuable perspectives for investors and enthusiasts alike.
