ET 13:13

Bitcoin Supercycle Predicted for 2026 by Binance Founder CZ, Denies Trump Links

Binance co-founder Changpeng “CZ” Zhao anticipates a Bitcoin supercycle in 2026, citing the U.S. government’s pro-crypto stance and global adoption trends. Speaking at the World Economic Forum in Davos, Zhao noted that while historical halving cycles suggest price volatility, he expects BTC to rise significantly over the next five to ten years. He holds both Bitcoin (BTC) and Binance’s BNB token but declined to specify a price target, contrasting with other executives like Ripple CEO Brad Garlinghouse and BitMex co-founder Arthur Hayes, who have projected $180,000 and $200,000 targets, respectively. Zhao also denied any direct relationship with President Donald Trump, countering allegations of influence on his October pardon. He clarified that while the Trump administration supported crypto, his firm’s dealings with Abu Dhabi’s MGX investment were misconstrued, emphasizing his preference for crypto payments over traditional banking. Zhao was released early from a four-month prison sentence in September 2024 after serving part of his term for money laundering violations tied to Binance.

EditorLim