Binance’s CZ Reacts to Bitcoin’s Brutal Crash, Predicts Long-Term Growth

Changpeng Zhao (CZ), former Binance CEO, has weighed in on the latest cryptocurrency market crash, assuring that “major coins should mostly do alright.”

As Bitcoin plunged to $77,527, marking its lowest point since November, Zhao noted that long-term holders have endured similar downturns before. He acknowledged that market pain is inevitable but reaffirmed that "holding is never easy."

Addressing speculation on whether exchanges can predict price movements, CZ dismissed the idea, stating that foresight comes from recognizing long-term trends rather than short-term volatility. “Tech innovation will continue—Internet, blockchain, AI, biotech. You don’t need to be an exchange to know it,” he explained.

Bitcoin’s sharp drop coincided with a steep sell-off in the U.S. stock market, where the Nasdaq index is down over 4%, marking its worst decline since 2022. Despite the turbulence, CZ remains optimistic, reinforcing the belief that economic indicators influence Bitcoin's price only in the short term.

With crypto and traditional markets experiencing heavy losses, Zhao’s comments serve as a reminder that while volatility is part of the cycle, the long-term outlook for blockchain and digital assets remains strong.