Summary
- Changpeng Zhao said at the Davos Forum that, driven by the U.S. government’s pro-digital-asset policy, Bitcoin (BTC) could enter a supercycle.
- He said other countries may join the trend, but did not present a specific Bitcoin price outlook.
- He explained that the use of World Liberty Financial’s stablecoin USD1 in the Binance investment process was the choice of investor MGX, and that he merely requested to be paid in digital assets.
Changpeng Zhao, the founder of Binance who is attending the Davos Forum, mentioned the possibility of a Bitcoin supercycle.
In an interview with CNBC on the 23rd (local time), Zhao said, “On the back of the U.S. government’s pro-digital-asset (crypto) policy stance, Bitcoin (BTC) could break away from the traditional four-year cycle pattern and enter a supercycle,” adding, “Other countries may join this trend as well.” He did not, however, provide a specific Bitcoin price outlook.
He also denied allegations of collusion with U.S. President Donald Trump and the Trump administration. “I have no personal relationship with President Trump at all,” Zhao said, adding, “The only commonality is that the Trump family is involved in digital-asset businesses and the Trump administration has a pro-digital-asset orientation.” He continued, “This is an environment that applies equally to all digital-asset companies, not just Binance.”
Regarding the use of World Liberty Financial’s stablecoin USD1 in the Binance investment process, he said, “MGX was the investor, and the use of USD1 was the investor’s choice,” adding, “I simply asked to be paid in digital assets because I did not want a bank transfer.”
He also added, “I have never spoken with or met President Trump directly, and the closest contact was getting to within about 10 meters at the Davos Forum venue.”
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
