Changpeng Zhao, widely known as CZ, the founder of Binance, the leading cryptocurrency exchange, has made significant remarks regarding the future of Bitcoin. These comments emerged during a time of market stagnation, highlighting his optimistic outlook.
In light of a recent news report indicating that the U.S. Securities and Exchange Commission (SEC) has dropped cryptocurrencies from its priority risk list for 2026, Zhao shared a bold prediction. He stated, “I could be wrong, but the “supercycle” is coming.” This assertion suggests that he foresees a substantial upward movement in the Bitcoin market.
Furthermore, in response to reports that Wells Fargo has acquired $383 million worth of Bitcoin, Zhao emphasized a striking contrast between market sentiment and institutional behavior. He remarked, “While you are panic selling, U.S. banks are buying large amounts of Bitcoin.” This statement underscores the growing interest and investment in Bitcoin from established financial institutions, despite the prevailing bearish sentiment in retail markets.
As a notable early investor in Bitcoin, Zhao”s insights carry weight in the cryptocurrency community. While the exact value of his holdings remains undisclosed, estimates suggest that his total assets could be around $78.8 billion, although he has not confirmed this figure.
These comments from Zhao highlight the divergence between institutional adoption and retail market behavior, suggesting that the trajectory of Bitcoin might not be as bleak as some perceive. As the cryptocurrency landscape evolves, the potential for a supercycle may offer new opportunities for both seasoned and novice investors alike.
