![]() ![]() "There's definitely damage the industry will be fine," Zhao said. 879K subscribers in the binance community. He said FTX "is not a big player, they just make a lot of noise." ![]() In response to a CNBC question on the sidelines of the CFC St Moritz conference, the Binance CEO said the "actual damage is not that high" on the crypto industry from the FTX collapse. Zhao has said he "did not master plan" the collapse of FTX. Zhao said publicly his company was selling its holdings in FTX's native token, FTT, which exacerbated the collapse of that digital coin, adding to FTX's downward spiral. businesses which were facing liquidity issues but then later backed out of the deal. In November, Binance offered to buy FTX's non-U.S. He has pleaded not guilty.īinance had a big role to play in FTX's collapse. Bitcoin has undergone numerous ups and downs in its relatively short history, but only a few have been proclaimed as a full-on bull market. Sam Bankman-Fried who founded FTX has been charged with eight criminal counts by U.S. From market and institutional adoption, to regulatory clarity and the BTC halving these are the factors that will drive the next bull market, according to ChatGPT. The industry was plagued last year by collapses of major projects, liquidity issues, bankruptcies and the high-profile failure of crypto exchange FTX. 'Crypto Bull Run Is JUST Beginning, Heres Why' - Binance CEO CZ 2023 Crypto Prediction You can NOW Become a member of our channel to support us. Personal Loans for 670 Credit Score or Lower ![]() Erik Voorhees CEO of ShapeShaft and an outspoken proponent of bitcoin believes it could take between six months and three years before the next crypto bull run occurs. Zhao predicts that 2025 is the most likely year for the. He highlighted the historical pattern of four-year bull cycles in Bitcoin’s price, emphasizing the upcoming Bitcoin halving event in 2024. Personal Loans for 580 Credit Score or Lower ShapeShaft’s CEO claimed bitcoin could rise to 40,000 by this summer if macroeconomic conditions improve. In a recent Twitter Space session, Binance CEO Changpeng Zhao shared his forecast for the next Bitcoin bull run. Best Debt Consolidation Loans for Bad Credit Coley said that Bitcoiners could see an 'accelerated' version of the 2017 bull run eventually driving the price to 100,000.binance ceo predicts bitcoin. ![]()
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