CZ: Current pullback still within normal four-year cycle, industry fundamentals significantly stronger than before

Odaily Planet Daily News In a recent interview on the Galaxy Brains podcast with Galaxy Head of Research Alex Thorn, CZ stated that the current cryptocurrency market pullback remains within the range of a normal four-year cycle. He noted that this cycle's roughly 50% decline is not unusual, as historical cycles have seen pullbacks of up to 80%.

CZ believes that when measured from the cycle low, Bitcoin's price is still about five times higher than four years ago, and each cycle's low point exceeds the previous cycle's low. He emphasized his consistent long-term perspective, saying, "For me, there is no exit from crypto."

CZ also pointed out that the biggest difference between this cycle and those of 2018 and 2022 is the significant shift in the US government's attitude toward the crypto industry. Previously, the US took a suppressive stance, but now it is actively pushing for the development of a crypto regulatory framework, encouraging other countries to follow suit. Additionally, the influx of ETFs, stablecoins, RWAs, and more institutional capital indicates that industry fundamentals have significantly improved compared to the past.