Binance CEO CZ Says Bear Market Is A “Cheap Time To Buy”

Published by
Binance 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.

Advertisement

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.

Advertisement

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.

 

Advertisement

Share
Ambar Warrick

With more than five years of experience covering global financial markets, Ambar intends to leverage this knowledge towards the rapidly expanding world of crypto and DeFi. His interest lies chiefly in finding how geopolitical developments can impact crypto markets, and what that could mean for your bitcoin holdings. When he isn't trawling through the web for the latest breaking news, you can find him playing videogames or watching Seinfeld reruns. You can reach him at ambar@coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Ethereum News

Grayscale Staking Ethereum ETF Debuts By Locking 32,000 ETH But Inflows Disappoint

Grayscale announced the launch of its staking facility for its two Ethereum ETFs, ETHE and…

October 7, 2025
  • 24/7 Cryptocurrency News

Pi Network Loses $18B Value in Six Months as Expert Warn of “Rug Pull” Risk

An expert has touted Pi Network as a potential “rug pull” project. This comes as…

October 7, 2025
  • 24/7 Cryptocurrency News

Fed’s Jeffrey Schmid Signals Opposition to Further Rate Cuts With Inflation ‘Too High’

Kansas City Fed President Jeffrey Schmid has indicated that he isn't in support of further…

October 7, 2025
  • 24/7 Cryptocurrency News

IBIT Bitcoin ETF Becomes BlackRock’s Most Profitable Fund, Nears $100B Milestone

BlackRock’s iShares Bitcoin Trust (IBIT) has become the firm’s most profitable exchange-traded fund (ETF). It…

October 7, 2025
  • Bitcoin News

Bitcoin Tops $126,000 as Market Prices In Three-Week U.S. Government Shutdown

Bitcoin has reached a new all-time high (ATH), extending its current rally, which began at…

October 6, 2025
  • Bitcoin News

Paul Tudor Jones Predicts Explosive Bull Market Amid Bitcoin’s ‘Uptober’ Rally

Billionaire hedge fund manager, Paul Tudor Jones believes that there is a massive price gains…

October 6, 2025