The CEO of the world's largest crypto exchange Binance Changpeng Zhao (CZ) predicts that the current bull cyclecryptocurrencies may last until 2024. In a conversation with On-Chain Capital co-founder Ran Neuner, Zhao offered some interesting ideas:
«We are simply observing the flat part of the wave. The big wave hasn't arrived yet. I think it will take two to three years, maybe four, for this cycle to reach its maximum.
Of course, no one can accurately predict the future, so CZ made a reservation that this is his personal opinion.
Curiously, Neuner noticed that in this senseBinance has a unique advantage as the firm has access to statistics for forecasting. In addition, the platform has data on the number of new account registrations for a certain period.
Speaking of a multi-year bullish signal, CZ was based on bitcoin price stats combined with the time frame in which the cryptocurrency was hitting record highs.
He also added that each subsequent bull cycle was stretched over time, which, in his opinion, is a characteristic of increasing market capitalization.
In support of his prediction, CZ added that sinceIt took three years for Bitcoin to reach its peak in 2017 to reach $ 20,000 at the end of last year. With this in mind, he believes that if history repeats itself, then we have three or four years ahead of us to reach the peak of this cycle.
According to the top manager, we are currently at the opening stage, but now we have a significant difference from the bullish trend of 2017 - the presence of institutional players.
Unlike retail investors, they are less prone to panic and have a long-term hodling strategy that should help stabilize the bitcoin price.
Where is it more profitable to buy cryptocurrency?
For the safe and convenient purchase of cryptocurrencies, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support the deposit and withdrawal of funds in rubles, hryvnias, dollars and euros.
The most reliable sites with the highest turnoverfunds, for several years the largest cryptocurrency exchange in the world has been Binance. The Binance platform is the most popular crypto-exchange in the CIS as well, since it has the maximum trading volumes and supports transfers in rubles from Visa / MasterCard bank cards and payment systems QIWI, Advcash, Payeer.
Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?
| # | Cryptocurrency exchange | Official site | Site evaluation |
|---|---|---|---|
| 1 | Binance (Editor's Choice) | https://binance.com | 9.7 |
| 2 | Huobi | https://huobi.com | 7.5 |
| 3 | Exmo | https://exmo.me | 6.9 |
| 4 | Yobit | https://yobit.net | 6.3 |
| 5 | OKEx | https://okex.com | 6.1 |
The criteria by which the rating is set in our rating of crypto-exchanges:
- Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
- Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
- Feedback and support– we analyze user reviews and the quality of technical support.
- Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
- Platform Features– availability of additional features — futures, options, staking, etc.
- final grade– the average number of points for all indicators determines the place in the ranking.
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