On September 1st, Binance founder CZ stated during an AMA that historically, the cryptocurrency market tends to operate in cycles of approximately four years. While many may believe we are currently in a bear market, it is unclear where in the cycle we are or where the bottom may be. Ideally, one should not wait until everyone has invested and asset prices have skyrocketed before taking action. Therefore, there are still opportunities during bear markets. CZ believes there are many positive developments in the cryptocurrency industry today, including increased regulatory involvement and continued growth, which is a good sign. Binance will continue to build and develop in this industry.
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