CZ: The cryptocurrency market is in a normal four-year cycle, and the US government's attitude towards the cryptocurrency industry has changed

Binance founder CZ stated on the Galaxy Brains podcast that the current cryptocurrency market pullback belongs to a normal four-year cycle, with Bitcoin rising about five times compared to four years ago and the cycle's low point continuing to rise. CZ believes that the biggest difference between this cycle and 2022 or 2018 is the 180 degree shift in the US government's attitude towards the cryptocurrency industry. The US is pushing for a regulatory framework for cryptocurrency and driving other countries to follow suit. In addition, ETF、 The participation of stablecoins, RWAs, and more institutions reflects the development of the industry.