A bear market is a sign of a healthy market!Binance CEO Changpeng Zhao: “Currency price correction” is a good thing

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A bear market is a sign of a healthy market!Binance CEO Changpeng Zhao: “Currency price correction” is a good thing
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In order to combat high inflation, central banks around the world are blowing up interest rate hikes, and funds have withdrawn from risky assets. Bitcoin has plunged more than 58% this year. Although it is difficult for investors, the cryptocurrency exchange Binance (Binance) CEO Changpeng Zhao (CZ) believes that the bear market is not a bad thing, and the correction of the pullback is actually helpful to the cryptocurrency market.

In a conversation with Messari CEO Ryan Selkis on Wednesday, Changpeng Zhao said that the cryptocurrency market “cycles every four years” is normal, and in the long run, compared to the “everyday Chinese New Year” and “always rising” markets , the bear market is the performance of the market health.

“Price corrections are actually a good thing,” Changpeng Zhao emphasized, adding that investors shouldn’t judge the performance of the cryptocurrency market solely on the basis of high or low prices.

Instead, he advises investors to pay more attention to the number of users who are buying and using cryptocurrencies, as well as the number of various blockchain and Web3 projects. He also reiterated that the current cryptocurrency industry is still in its “early stage” and there is still a lot of room for development.

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Changpeng Zhao believes that the cryptocurrency industry is actually in a healthy state and urged investors to “survive the cold winter.”

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In addition, Changpeng Zhao is optimistic about the current regulatory environment for cryptocurrencies. He believes that regulators in some countries, especially the U.S. authorities, have tried to incorporate crypto into existing financial frameworks. “We’re actually seeing a lot of progress in the positive direction of the regulatory framework,” he said.

This article A bear market is a sign of market health! Binance CEO Changpeng Zhao: “Currency price correction” is a good thing that first appeared in the blocker.

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