Changpeng Zhao, the co-founder and CEO of Binance, one of the world's largest cryptocurrency exchanges, shared his thoughts on Bitcoin by conducting a new interview with The Guardian.
Binance CEO, who has made many suggestions from crypto money investors in the last period, stated that the bear seasons have a bottom and good days will come again in Bitcoin. Despite these declines, Binance CEO, who believes that the cryptocurrency industry is still growing and developing, claims that the industry has not lost anything.
Continuing to recruit employees unlike many cryptocurrency companies, Binance believes that the industry will again exhibit upward movements in the future. Explaining when Bitcoin's ATH level will break in a new interview with The Guardian, Binance CEO CZ conveyed the following words:
"I think given this price drop from $68k to an all-time high to $20,000, it's probably going to take some time for it to bounce back. It'll probably take a couple of years."
The CEO of Binance, who does not seem to give an exact date, thinks that if the industry returns to normal, Bitcoin can break the ATH level in a few months. Binance CEO, who believes that Bitcoin will break the ATH point in a few years if the fundamental problems such as inflation and interest rate increases continue, continues to support the leading cryptocurrency.
Binance Lists 3 New Trading Pairs and Supports Ethereum Network Rise
Binance has announced that it will list 3 new trading pairs. Binance will add new trading opportunities to Gifto (GTO), Synthetix Network (SNX), Wrapped Bitcoin (WBTC) and Ethereum (ETH) holders with the trading pairs it will add. According to the statement, investors will be able to start trading with GTO/BUSD, SNX/ETH and WBTC/BUSD trading pairs as of Friday, June 24 at 13:00.
Binance also announced that it will support Ethereum network upgrade in another statement. According to the statement, the network upgrade will take place at block height of 15,050,000 Ethereum. Binance also said that for users' reference, the upgrade will start on June 29 at approximately 13:43 CEST.
Due to the network upgrade, deposits and withdrawals for ETH and ERC-20 tokens will be suspended from 12:43 pm on 29 June. The trading of ETH and ERC-20 tokens will not be affected by the upgrade. Deposits and withdrawals for ETH and ERC-20 tokens will resume once the upgraded network becomes stable. In addition, Binance will undertake all relevant technical requirements for users holding ETH and ERC-20 tokens in their accounts.