Claim $500Binance CEO CZ Says Bear Market Is A “Cheap Time To Buy”
Binance CEO Changpeng “CZ” Zhao said on Friday that the recent crash in crypto prices makes it a good time to accumulate.
Speaking during the Bankless podcast, CZ said that traders with extra cash should consider buying more crypto during the bear market, calling it a “cheap time to buy.”
The Binance CEO touted the likes of Michael Saylor and El Salvador’s Nayib Bukele– who both recently purchased Bitcoin after the price dip. CZ said that if traders could last through the current bear market, they would have much more holdings in the next bull run.
Longer term horizon, the industry is staying. There’s more apps being developed, there’s more people in the industry, the industry is going to get bigger if we look at five, ten, twenty-year horizons.
-CZ
But CZ said the short-term outlook remains uncertain, stating that markets could recover or slump even further in the coming days.
How will the bear market play out?
CZ said that it seems likely that the bear market could be a part of a four-year cycle, indicating prolonged weakness in crypto prices. But he sees rising inflation pushing people into accepting cryptocurrencies.
He also recommended businesses keep at least 10 years worth of cash supply to weather the market weakness- something that he feels is easier for crypto companies due to tokens.
Binance also has sufficient reserves to last the winter, CZ said.
CZ sees DeFi as the future
The Binance CEO also said that he expects decentralized exchanges to eventually overtake their centralized peers.
CZ expects such a scenario to play out in the next five to ten years. While he expects centralized exchanges to still play a role in the market, a bulk of trading will be conducted through DeFi. He also sees Bitcoin as the most decentralized currency, because it does not have
CZ said Binance doesn’t want to become a bank, or a “Facebook.” He said the exchange aims to eventually become like Google, wherein it provides a number of tools for the Web3 market.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Zcash Treasury Firm Cypherpunk Increases Holdings as ZEC Tops BTC, Gold, and Silver in 2025 Gains
- Is Ethereum Price Set for Massive Rally in 2026 as Matrixport Eyes Multi-Year Triangle Breakout?
- Crypto Regulation in South Korea Stalls as US-Inspired Stablecoin Rules Hits Dead End
- Breaking: Metaplanet Buys $451M in Bitcoin, Stock Price Tanks
- Breaking: Hyperliquid Rival Lighter Announces LIT Token Launch Amid Rising Demand
- Why Bitcoin, Ethereum, XRP, and ADA Prices Are Falling Today
- Is XRP Price Preparing for Trend Reversal as ETF Inflows Extend to a 7th Straight Week?
- Binance Coin Price Risks Crash to $700 as Key BSC Metric Plunges 80%
- SUI Price Forecast: What’s Next for SUI in 2026 After $78.9M Token Unlocks?
- Solana Price Prediction: How High Could SOL Go in January 2026?
- Top 3 Predictions for Bitcoin price, Ethereum price and XRP price for 2026 According to Analysts
